JPMorgan Chase & Co. Has $24.44 Million Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

JPMorgan Chase & Co. lifted its holdings in shares of Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 68.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,590 shares of the financial services provider's stock after purchasing an additional 118,858 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.66% of Green Brick Partners worth $24,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GRBK. Oppenheimer & Co. Inc. bought a new position in Green Brick Partners during the third quarter valued at about $1,352,000. Empowered Funds LLC acquired a new position in shares of Green Brick Partners during the 3rd quarter valued at about $4,065,000. Principal Financial Group Inc. raised its stake in shares of Green Brick Partners by 15.3% in the 3rd quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after acquiring an additional 21,012 shares in the last quarter. Caxton Associates LP acquired a new stake in Green Brick Partners in the 2nd quarter worth approximately $858,000. Finally, Geode Capital Management LLC boosted its position in Green Brick Partners by 9.1% during the third quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider's stock worth $59,324,000 after purchasing an additional 59,098 shares during the period. Institutional investors own 78.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a "market perform" rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Performance

Shares of NASDAQ:GRBK traded up $0.91 during midday trading on Thursday, hitting $55.47. The company's stock had a trading volume of 284,676 shares, compared to its average volume of 274,175. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock's 50 day simple moving average is $65.34 and its 200 day simple moving average is $70.25. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 7.20 and a beta of 1.84. Green Brick Partners, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $84.66.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business's quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. As a group, research analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.