JPMorgan Chase & Co. Sells 20,049 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

JPMorgan Chase & Co. decreased its holdings in A-Mark Precious Metals, Inc. (NASDAQ:AMRK - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,158 shares of the company's stock after selling 20,049 shares during the period. JPMorgan Chase & Co. owned about 0.07% of A-Mark Precious Metals worth $415,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. CWA Asset Management Group LLC boosted its position in A-Mark Precious Metals by 38.6% in the fourth quarter. CWA Asset Management Group LLC now owns 368,393 shares of the company's stock worth $10,094,000 after purchasing an additional 102,524 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of A-Mark Precious Metals by 43.6% in the 4th quarter. Bank of New York Mellon Corp now owns 214,270 shares of the company's stock worth $5,871,000 after purchasing an additional 65,014 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of A-Mark Precious Metals in the fourth quarter worth approximately $1,473,000. Barclays PLC grew its position in A-Mark Precious Metals by 349.0% during the third quarter. Barclays PLC now owns 28,536 shares of the company's stock valued at $1,259,000 after buying an additional 22,181 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in A-Mark Precious Metals during the fourth quarter valued at approximately $474,000. Hedge funds and other institutional investors own 75.25% of the company's stock.

Analyst Ratings Changes

AMRK has been the topic of several analyst reports. DA Davidson reiterated a "buy" rating and set a $35.00 price target on shares of A-Mark Precious Metals in a research note on Tuesday, March 11th. Northland Securities lowered their target price on A-Mark Precious Metals from $40.00 to $36.00 and set a "market perform" rating on the stock in a research report on Friday, February 7th. Finally, B. Riley reduced their price target on A-Mark Precious Metals from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.00.

A-Mark Precious Metals Stock Down 0.6 %

Shares of AMRK stock opened at $24.22 on Friday. The company has a market capitalization of $557.52 million, a price-to-earnings ratio of 11.81 and a beta of 0.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.58 and a quick ratio of 0.31. The company's fifty day moving average price is $25.53 and its 200-day moving average price is $28.68. A-Mark Precious Metals, Inc. has a one year low of $20.60 and a one year high of $47.39.

A-Mark Precious Metals (NASDAQ:AMRK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a net margin of 0.46% and a return on equity of 9.29%. Sell-side analysts expect that A-Mark Precious Metals, Inc. will post 2.11 EPS for the current fiscal year.

A-Mark Precious Metals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, April 15th. A-Mark Precious Metals's dividend payout ratio (DPR) is currently 39.02%.

A-Mark Precious Metals Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.

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