Principal Financial Group Inc. Has $9.92 Million Stock Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Principal Financial Group Inc. raised its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 3.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 170,135 shares of the financial services provider's stock after buying an additional 5,375 shares during the quarter. Principal Financial Group Inc. owned about 0.38% of Green Brick Partners worth $9,921,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of GRBK. Price T Rowe Associates Inc. MD boosted its position in shares of Green Brick Partners by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock worth $31,932,000 after buying an additional 36,239 shares in the last quarter. Annex Advisory Services LLC boosted its position in shares of 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 buying an additional 198,024 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $22,462,000 after buying an additional 33,152 shares in the last quarter. Northern Trust Corp boosted its position in shares of Green Brick Partners by 6.1% in the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock worth $19,526,000 after buying an additional 19,752 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Green Brick Partners by 1,342.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock valued at $16,365,000 after purchasing an additional 269,615 shares in the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of Green Brick Partners in a report on Monday, June 30th. They issued a "neutral" rating and a $62.00 target price on the stock.

Green Brick Partners Trading Down 2.4%

GRBK traded down $1.55 on Friday, reaching $63.32. 68,986 shares of the company's stock were exchanged, compared to its average volume of 325,993. The company's 50 day moving average is $61.85 and its 200-day moving average is $59.61. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 8.24 and a beta of 1.85. Green Brick Partners, Inc. has a twelve month low of $50.57 and a twelve 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.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced 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 period in the prior year, the firm earned $1.82 EPS. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities analysts predict that Green Brick Partners, Inc. will post 8.34 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.