Ponce Financial Group, Inc. (NASDAQ:PDLB) Holdings Reduced by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 39.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,439 shares of the company’s stock after selling 8,209 shares during the period. Jane Street Group LLC owned 0.05% of Ponce Financial Group worth $145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PDLB. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ponce Financial Group during the 3rd quarter valued at $514,000. Bank of New York Mellon Corp increased its holdings in shares of Ponce Financial Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after purchasing an additional 7,537 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Ponce Financial Group by 20.0% during the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after purchasing an additional 9,369 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after purchasing an additional 3,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ponce Financial Group by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock valued at $6,542,000 after buying an additional 64,452 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Ponce Financial Group Stock Up 0.2 %

Ponce Financial Group stock opened at $12.77 on Tuesday. The company’s 50-day moving average price is $12.82 and its two-hundred day moving average price is $11.41. The stock has a market cap of $304.30 million, a price-to-earnings ratio of 34.51 and a beta of 0.65. Ponce Financial Group, Inc. has a 52 week low of $7.89 and a 52 week high of $13.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08.

Ponce Financial Group Profile

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.