Ameriprise Financial Inc. Grows Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Ameriprise Financial Inc. increased its position in shares of Green Brick Partners, Inc. (NASDAQ:GRBK) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,320 shares of the financial services provider’s stock after buying an additional 4,746 shares during the period. Ameriprise Financial Inc. owned about 0.25% of Green Brick Partners worth $6,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRBK. Sterling Capital Management LLC increased its stake in Green Brick Partners by 758.8% during the 4th quarter. Sterling Capital Management LLC now owns 730 shares of the financial services provider’s stock worth $41,000 after buying an additional 645 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Green Brick Partners during the 4th quarter worth $57,000. Nisa Investment Advisors LLC increased its stake in Green Brick Partners by 26.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,396 shares of the financial services provider’s stock worth $79,000 after buying an additional 289 shares during the period. Covestor Ltd increased its stake in Green Brick Partners by 10,460.0% during the 4th quarter. Covestor Ltd now owns 1,584 shares of the financial services provider’s stock worth $90,000 after buying an additional 1,569 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Green Brick Partners by 207.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,702 shares of the financial services provider’s stock worth $96,000 after buying an additional 1,149 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and set a $70.00 price target on shares of Green Brick Partners in a research note on Friday, February 28th.

Green Brick Partners Price Performance

GRBK opened at $59.13 on Friday. The company has a 50-day moving average of $58.34 and a 200-day moving average of $60.83. The company has a market capitalization of $2.60 billion, a P/E ratio of 7.68 and a beta of 1.94. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 earnings per share. Equities analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal 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.