SBI Okasan Asset Management Co.Ltd. Acquires Shares of 34,500 Magna International Inc. $MGA

Posted by Stanley Muller on May 29th, 2026

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Magna International Inc. (NYSE:MGA – Free Report) (TSE:MG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,500 shares of the company’s stock, valued at approximately $1,855,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in shares of Magna International during the 3rd quarter worth approximately $33,593,000. AGF Management Ltd. purchased a new stake in shares of Magna International in the 3rd quarter worth about $14,191,000. Achmea Investment Management B.V. purchased a new stake in shares of Magna International in the 3rd quarter worth about $8,606,000. Geode Capital Management LLC grew its position in shares of Magna International by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 2,426,843 shares of the company’s stock worth $128,774,000 after buying an additional 154,710 shares during the period. Finally, Leuthold Group LLC grew its position in shares of Magna International by 1,057.9% in the 3rd quarter. Leuthold Group LLC now owns 116,279 shares of the company’s stock worth $5,509,000 after buying an additional 106,237 shares during the period. 67.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MGA has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Magna International from $60.00 to $52.00 and set a “sell” rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of Magna International from $71.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company dropped their price target on shares of Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Veritas raised shares of Magna International to a “strong-buy” rating in a report on Monday, May 4th. Finally, UBS Group dropped their price target on shares of Magna International from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.13.

Check Out Our Latest Stock Report on Magna International

Magna International Price Performance

Shares of Magna International stock opened at $66.14 on Friday. Magna International Inc. has a one year low of $35.34 and a one year high of $69.94. The stock’s fifty day moving average is $59.38 and its 200 day moving average is $56.43. The stock has a market cap of $18.01 billion, a P/E ratio of 27.68, a P/E/G ratio of 0.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.88 and a current ratio of 1.22.

Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last announced its earnings results on Friday, May 1st. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.37. Magna International had a return on equity of 14.01% and a net margin of 1.60%.The company had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $0.78 EPS. Magna International’s revenue for the quarter was up 3.1% compared to the same quarter last year. Magna International has set its FY 2026 guidance at 6.250-7.250 EPS. Sell-side analysts anticipate that Magna International Inc. will post 6.87 earnings per share for the current year.

Magna International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.495 per share. The ex-dividend date is Friday, May 15th. This represents a $1.98 dividend on an annualized basis and a yield of 3.0%. Magna International’s dividend payout ratio (DPR) is presently 82.85%.

Magna International Company Profile

(Free Report)

Magna International Inc is a leading global automotive supplier specializing in the design, engineering, and manufacturing of vehicle systems, assemblies, modules, and components. Headquartered in Aurora, Ontario, the company partners with major original equipment manufacturers (OEMs) to develop technologies and solutions that enhance vehicle performance, safety, comfort, and fuel efficiency. Magna’s broad portfolio encompasses body exteriors and structures, powertrain systems, seating and interiors, roof systems, mirror systems, and advanced driver assistance systems (ADAS).

The company operates more than 350 manufacturing and assembly facilities and over 100 innovation centers across 27 countries, serving customers in North America, Europe, Asia, South America, and Africa.