Northern Trust Corp Sells 1,624 Shares of Green Brick Partners, Inc. $GRBK

Northern Trust Corp reduced its holdings in Green Brick Partners, Inc. (NASDAQ:GRBK) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,037 shares of the financial services provider’s stock after selling 1,624 shares during the quarter. Northern Trust Corp owned 0.78% of Green Brick Partners worth $20,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Annex Advisory Services LLC increased its stake in Green Brick Partners by 72.8% in the 1st quarter. Annex Advisory Services LLC now owns 469,955 shares of the financial services provider’s stock worth $27,403,000 after acquiring an additional 198,024 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Green Brick Partners by 10.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 438,707 shares of the financial services provider’s stock valued at $25,581,000 after purchasing an additional 41,083 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of Green Brick Partners by 2.4% during the 1st quarter. GW&K Investment Management LLC now owns 334,275 shares of the financial services provider’s stock valued at $19,492,000 after purchasing an additional 7,967 shares during the last quarter. Invesco Ltd. increased its position in shares of Green Brick Partners by 0.9% during the 1st quarter. Invesco Ltd. now owns 262,783 shares of the financial services provider’s stock valued at $15,323,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Green Brick Partners by 1.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 224,209 shares of the financial services provider’s stock valued at $13,074,000 after purchasing an additional 3,687 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Green Brick Partners in a research report on Monday, June 30th. They set a “neutral” rating and a $62.00 price objective on the stock. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.00.

Insiders Place Their Bets

In related news, COO Jed Dolson sold 15,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $68.76, for a total transaction of $1,031,400.00. Following the completion of the sale, the chief operating officer directly owned 258,605 shares in the company, valued at $17,781,679.80. This represents a 5.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 29.70% of the stock is owned by corporate insiders.

Green Brick Partners Trading Down 0.1%

Shares of GRBK stock opened at $69.81 on Tuesday. The stock has a market capitalization of $3.04 billion, a PE ratio of 9.07 and a beta of 1.83. Green Brick Partners, Inc. has a 1-year low of $50.57 and a 1-year high of $84.66. The business has a 50-day moving average of $66.19 and a 200 day moving average of $61.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63.

Green Brick Partners (NASDAQ:GRBK) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 EPS. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Green Brick Partners 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.