JPMorgan Chase & Co. Buys 8,258 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

JPMorgan Chase & Co. raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 70.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,014 shares of the financial services provider’s stock after buying an additional 8,258 shares during the period. JPMorgan Chase & Co.’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mirabella Financial Services LLP bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth $877,000. GAMMA Investing LLC grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,419 shares during the period. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth about $1,138,000. Sanctuary Advisors LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $473,000. Finally, BNP Paribas Financial Markets boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after purchasing an additional 12,071 shares in the last quarter. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 3.5 %

NYSE:IRS opened at $14.68 on Friday. The firm has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $13.07. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $7.10 and a 12 month high of $17.67. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.29 and a beta of 1.38. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its earnings results on Wednesday, November 6th. The financial services provider reported ($1.55) EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%. The firm had revenue of $95.57 million during the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $3.60 per share. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is presently -21.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.