Bridge Investment Group (NYSE:BRDG) Given "Neutral" Rating at JPMorgan Chase & Co.

Bridge Investment Group (NYSE:BRDG - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a $10.00 price objective on the stock, down from their previous price objective of $12.00. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 33.87% from the company's current price.

Several other research analysts also recently issued reports on BRDG. UBS Group lifted their price target on Bridge Investment Group from $7.00 to $11.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. TD Cowen cut their price target on Bridge Investment Group from $10.50 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, November 12th. Morgan Stanley downgraded Bridge Investment Group from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $14.00 to $11.00 in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on Bridge Investment Group from $11.00 to $11.50 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bridge Investment Group has a consensus rating of "Hold" and an average target price of $10.70.

Bridge Investment Group Price Performance

Bridge Investment Group stock traded down $0.83 during midday trading on Tuesday, reaching $7.47. The company's stock had a trading volume of 562,704 shares, compared to its average volume of 375,876. Bridge Investment Group has a fifty-two week low of $6.18 and a fifty-two week high of $11.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The stock's 50 day simple moving average is $9.49 and its 200 day simple moving average is $8.89. The firm has a market capitalization of $904.50 million, a PE ratio of 186.80 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). The business had revenue of $101.51 million during the quarter, compared to analyst estimates of $85.00 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. During the same period last year, the business posted $0.22 EPS. On average, equities research analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current year.

Insider Buying and Selling at Bridge Investment Group

In other Bridge Investment Group news, Chairman Robert Randolph Morse sold 45,343 shares of Bridge Investment Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $375,893.47. Following the completion of the sale, the chairman now owns 3,249,076 shares in the company, valued at $26,934,840.04. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Dean Allara sold 10,438 shares of Bridge Investment Group stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $86,531.02. Following the completion of the sale, the insider now owns 683,606 shares of the company's stock, valued at $5,667,093.74. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,187 shares of company stock worth $1,204,966 in the last 90 days. 65.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bridge Investment Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP lifted its stake in shares of Bridge Investment Group by 22.5% in the 2nd quarter. Quarry LP now owns 8,350 shares of the company's stock valued at $62,000 after purchasing an additional 1,535 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bridge Investment Group in the 3rd quarter valued at about $102,000. Paloma Partners Management Co acquired a new position in shares of Bridge Investment Group in the 3rd quarter valued at about $110,000. XTX Topco Ltd acquired a new position in shares of Bridge Investment Group in the 3rd quarter valued at about $127,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Bridge Investment Group by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company's stock valued at $411,000 after purchasing an additional 1,735 shares in the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

About Bridge Investment Group

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.