Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,320 shares of the financial services provider's stock after purchasing an additional 4,746 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.25% of Green Brick Partners worth $6,232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of Green Brick Partners by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock valued at $22,462,000 after buying an additional 33,152 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Green Brick Partners in the 4th quarter valued at $9,488,000. Proficio Capital Partners LLC purchased a new position in Green Brick Partners during the 4th quarter worth $1,152,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Green Brick Partners during the 4th quarter worth $261,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Green Brick Partners during the 4th quarter worth $315,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a "neutral" rating and set a $70.00 price objective on shares of Green Brick Partners in a research report on Friday, February 28th.

Green Brick Partners Stock Performance

Green Brick Partners stock traded up $0.57 during midday trading on Thursday, hitting $58.82. 230,756 shares of the company's stock were exchanged, compared to its average volume of 370,236. Green Brick Partners, Inc. has a 12-month low of $50.57 and a 12-month 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. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 7.64 and a beta of 1.94. The firm's 50 day simple moving average is $58.38 and its 200 day simple moving average is $60.48.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) 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%. During the same quarter in the previous year, the company earned $1.82 EPS. The business's revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts predict that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

About Green Brick Partners

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.