Wells Fargo & Company MN Reduces Holdings in Green Brick Partners, Inc. (NASDAQ:GRBK)

Wells Fargo & Company MN reduced its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 46.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,872 shares of the financial services provider's stock after selling 20,372 shares during the quarter. Wells Fargo & Company MN owned about 0.05% of Green Brick Partners worth $1,349,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GRBK. Principal Financial Group Inc. boosted its holdings in shares of Green Brick Partners by 15.3% in the third quarter. Principal Financial Group Inc. now owns 158,760 shares of the financial services provider's stock valued at $13,260,000 after acquiring an additional 21,012 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 purchasing an additional 33,152 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Green Brick Partners during the 4th quarter worth approximately $9,488,000. Proficio Capital Partners LLC purchased a new position in shares of Green Brick Partners during the 4th quarter worth approximately $1,152,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Green Brick Partners in the 4th quarter valued at approximately $261,000. Hedge funds and other institutional investors own 78.24% of the company's stock.

Green Brick Partners Price Performance

GRBK stock traded up $1.09 during trading on Friday, reaching $59.41. 69,631 shares of the company were exchanged, compared to its average volume of 377,436. 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's 50 day moving average price is $57.99 and its 200 day moving average price is $62.56. Green Brick Partners, Inc. has a 52-week low of $50.57 and a 52-week high of $84.66. The company has a market cap of $2.64 billion, a P/E ratio of 7.74 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $1.67 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%. The company's revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. As a group, analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.