JPMorgan Chase & Co. Increases Stock Position in 1st Source Co. (NASDAQ:SRCE)

JPMorgan Chase & Co. lifted its holdings in shares of 1st Source Co. ( NASDAQ:SRCE – Free Report ) by 35.

4% in the fourth quarter, HoldingsChannel reports. The firm owned 123,276 shares of the financial services provider’s stock after acquiring an additional 32,257 shares during the period. JPMorgan Chase & Co.



’s holdings in 1st Source were worth $7,197,000 at the end of the most recent reporting period. Several other institutional investors have also recently modified their holdings of SRCE. American Century Companies Inc.

raised its holdings in shares of 1st Source by 30.5% in the fourth quarter. American Century Companies Inc.

now owns 119,639 shares of the financial services provider’s stock worth $6,985,000 after acquiring an additional 27,966 shares during the last quarter. Barclays PLC raised its stake in 1st Source by 162.2% in the 3rd quarter.

Barclays PLC now owns 41,525 shares of the financial services provider’s stock valued at $2,487,000 after purchasing an additional 25,687 shares during the last quarter. Sei Investments Co. lifted its holdings in 1st Source by 91.

3% in the 4th quarter. Sei Investments Co. now owns 53,494 shares of the financial services provider’s stock valued at $3,123,000 after purchasing an additional 25,528 shares in the last quarter.

Jane Street Group LLC boosted its stake in shares of 1st Source by 152.7% during the 3rd quarter. Jane Street Group LLC now owns 35,169 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 21,254 shares during the last quarter.

Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of 1st Source during the fourth quarter worth about $854,000. 74.45% of the stock is currently owned by institutional investors and hedge funds.

1st Source Trading Up 1.0 % SRCE stock opened at $54.55 on Thursday.

1st Source Co. has a 52 week low of $47.30 and a 52 week high of $68.

13. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 10.

18 and a beta of 0.67. The company has a quick ratio of 0.

94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08.

The business has a fifty day simple moving average of $61.04 and a 200-day simple moving average of $61.13.

1st Source Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.36 per share.

The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.44 annualized dividend and a yield of 2.

64%. 1st Source’s dividend payout ratio is currently 26.87%.

Analysts Set New Price Targets A number of brokerages have weighed in on SRCE. Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a research note on Tuesday, April 8th. Piper Sandler upgraded 1st Source from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $70.

00 to $72.50 in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of 1st Source from $67.

00 to $69.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Read Our Latest Report on SRCE About 1st Source ( Free Report ) 1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients.

Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. Featured Stories Want to see what other hedge funds are holding SRCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 1st Source Co.

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