JPMorgan Chase & Co. grew its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 136.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,207 shares of the company's stock after acquiring an additional 20,309 shares during the period. JPMorgan Chase & Co. owned about 0.15% of A-Mark Precious Metals worth $1,555,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in A-Mark Precious Metals by 5.4% in the third quarter. Geode Capital Management LLC now owns 431,792 shares of the company's stock valued at $19,072,000 after purchasing an additional 22,087 shares during the period. Barclays PLC grew its stake in shares of A-Mark Precious Metals by 349.0% in the third quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after buying an additional 22,181 shares in the last quarter. Riverwater Partners LLC lifted its position in A-Mark Precious Metals by 385.1% during the 3rd quarter. Riverwater Partners LLC now owns 44,774 shares of the company's stock worth $2,001,000 after acquiring an additional 35,545 shares in the last quarter. FMR LLC boosted its holdings in A-Mark Precious Metals by 1,714.4% in the 3rd quarter. FMR LLC now owns 1,209,801 shares of the company's stock worth $53,425,000 after acquiring an additional 1,143,125 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in A-Mark Precious Metals by 44.5% in the third quarter. Nations Financial Group Inc. IA ADV now owns 55,020 shares of the company's stock valued at $2,430,000 after acquiring an additional 16,935 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on AMRK. StockNews.com raised shares of A-Mark Precious Metals from a "sell" rating to a "hold" rating in a research report on Thursday, December 19th. DA Davidson cut their price objective on shares of A-Mark Precious Metals from $52.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $46.33.
Read Our Latest Stock Analysis on AMRK
A-Mark Precious Metals Stock Down 0.7 %
Shares of AMRK stock traded down $0.18 during mid-day trading on Friday, reaching $27.27. 120,104 shares of the company were exchanged, compared to its average volume of 186,847. The company has a market capitalization of $632.12 million, a P/E ratio of 11.60 and a beta of -0.01. The business's 50 day simple moving average is $28.12 and its 200 day simple moving average is $35.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66. A-Mark Precious Metals, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $47.39.
A-Mark Precious Metals Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, January 14th. A-Mark Precious Metals's payout ratio is currently 34.04%.
A-Mark Precious Metals Profile
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Free Report)
A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.
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