Jump Financial LLC Has $1.56 Million Stock Holdings in Simon Property Group, Inc. $SPG

Key Points

• Jump Financial LLC increased its stake in Simon Property Group by 173.2%, now owning 9,375 shares worth approximately $1.56 million.
• Simon Property Group announced a quarterly dividend of $2.15 per share, up from $2.10, yielding 4.8% annually.
• Simon Property Group's latest earnings showed a year-over-year revenue growth of 13.9%, reporting $3.05 EPS which slightly exceeds analyst expectations.

Jump Financial LLC boosted its holdings in Simon Property Group, Inc. (NYSE:SPG - Free Report) by 173.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,375 shares of the real estate investment trust's stock after acquiring an additional 5,943 shares during the quarter. Jump Financial LLC's holdings in Simon Property Group were worth $1,557,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Simon Property Group by 31.1% in the 1st quarter. Farther Finance Advisors LLC now owns 3,325 shares of the real estate investment trust's stock valued at $553,000 after acquiring an additional 789 shares during the period. Golden State Wealth Management LLC increased its position in Simon Property Group by 193.5% in the 1st quarter. Golden State Wealth Management LLC now owns 772 shares of the real estate investment trust's stock valued at $128,000 after acquiring an additional 509 shares during the period. Brighton Jones LLC acquired a new stake in Simon Property Group in the 4th quarter valued at approximately $295,000. J.W. Cole Advisors Inc. acquired a new stake in Simon Property Group in the 1st quarter valued at approximately $895,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Simon Property Group by 8.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,310 shares of the real estate investment trust's stock valued at $9,415,000 after purchasing an additional 4,589 shares during the period. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPG. Mizuho lowered their price target on Simon Property Group from $182.00 to $169.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 10th. Stifel Nicolaus set a $179.00 price target on Simon Property Group and gave the company a "buy" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on Simon Property Group from $180.00 to $184.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. LADENBURG THALM/SH SH began coverage on Simon Property Group in a research report on Friday, July 18th. They set a "buy" rating and a $225.00 price target on the stock. Finally, Barclays assumed coverage on Simon Property Group in a research report on Wednesday, July 2nd. They set an "equal weight" rating and a $170.00 price target on the stock. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has a consensus rating of "Hold" and an average target price of $184.91.

Simon Property Group Price Performance

Shares of SPG traded up $1.59 during trading hours on Monday, hitting $180.95. 1,716,817 shares of the company were exchanged, compared to its average volume of 1,549,380. The company has a market capitalization of $59.08 billion, a PE ratio of 27.97, a PEG ratio of 10.94 and a beta of 1.50. The company has a debt-to-equity ratio of 9.05, a current ratio of 1.23 and a quick ratio of 1.23. The firm has a fifty day simple moving average of $166.93 and a 200-day simple moving average of $164.41. Simon Property Group, Inc. has a one year low of $136.34 and a one year high of $190.13.

Simon Property Group (NYSE:SPG - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $3.05 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.01. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.40 billion. Simon Property Group had a return on equity of 72.38% and a net margin of 36.78%.The company's revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $2.90 EPS. Simon Property Group has set its FY 2025 guidance at 12.450-12.650 EPS. As a group, sell-side analysts predict that Simon Property Group, Inc. will post 12.54 earnings per share for the current year.

Simon Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a $2.15 dividend. This represents a $8.60 annualized dividend and a dividend yield of 4.8%. This is a boost from Simon Property Group's previous quarterly dividend of $2.10. The ex-dividend date of this dividend is Tuesday, September 9th. Simon Property Group's payout ratio is 129.83%.

Insiders Place Their Bets

In other Simon Property Group news, Director Reuben S. Leibowitz bought 522 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was acquired at an average price of $159.29 per share, with a total value of $83,149.38. Following the completion of the transaction, the director directly owned 58,195 shares in the company, valued at approximately $9,269,881.55. This represents a 0.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary M. Rodkin bought 246 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of $159.29 per share, with a total value of $39,185.34. Following the transaction, the director owned 19,010 shares of the company's stock, valued at $3,028,102.90. This trade represents a 1.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,428 shares of company stock valued at $387,271 over the last quarter. 8.60% of the stock is owned by insiders.

About Simon Property Group

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.