JPMorgan Chase & Co. Raises Holdings in loanDepot, Inc. (NYSE:LDI)

JPMorgan Chase & Co. raised its holdings in loanDepot, Inc. (NYSE:LDI) by 70.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 306,221 shares of the company’s stock after purchasing an additional 126,615 shares during the period. JPMorgan Chase & Co.’s holdings in loanDepot were worth $625,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in shares of loanDepot during the third quarter worth $54,000. Barclays PLC purchased a new stake in loanDepot during the 3rd quarter worth about $2,180,000. Geode Capital Management LLC increased its position in shares of loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of loanDepot by 5.0% in the 4th quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after purchasing an additional 11,647 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of loanDepot by 29.2% during the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock worth $58,000 after purchasing an additional 6,397 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their target price on loanDepot from $1.35 to $1.25 and set a “neutral” rating on the stock in a report on Wednesday, April 16th.

loanDepot Stock Down 1.4 %

LDI stock opened at $1.07 on Wednesday. The stock has a market cap of $349.62 million, a P/E ratio of -2.05, a PEG ratio of 0.25 and a beta of 3.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $3.23. The company’s 50 day moving average is $1.34 and its two-hundred day moving average is $1.78.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.