JPMorgan Chase & Co. Has $20.45 Million Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

JPMorgan Chase & Co. lessened its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,804 shares of the business services provider's stock after selling 75,706 shares during the period. JPMorgan Chase & Co. owned 1.81% of Barrett Business Services worth $20,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BBSI. Inceptionr LLC raised its position in Barrett Business Services by 3.9% in the fourth quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock worth $301,000 after acquiring an additional 262 shares in the last quarter. Swiss National Bank grew its position in Barrett Business Services by 1.0% in the fourth quarter. Swiss National Bank now owns 51,400 shares of the business services provider's stock worth $2,233,000 after buying an additional 500 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Barrett Business Services by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock valued at $2,248,000 after buying an additional 530 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Barrett Business Services by 5.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock valued at $462,000 after acquiring an additional 679 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Barrett Business Services by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company's stock.

Barrett Business Services Trading Down 0.2 %

Barrett Business Services stock traded down $0.10 during mid-day trading on Wednesday, hitting $40.34. The stock had a trading volume of 7,236 shares, compared to its average volume of 137,293. The stock has a market capitalization of $1.04 billion, a PE ratio of 21.30, a P/E/G ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97. The stock has a 50-day simple moving average of $40.54 and a two-hundred day simple moving average of $40.97.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.08 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a yield of 0.79%. Barrett Business Services's dividend payout ratio is currently 16.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBSI. Barrington Research reissued an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research note on Wednesday, March 12th. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. The company develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.