SG Americas Securities LLC grew its stake in Ford Motor Company (NYSE:F – Free Report) by 458.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,002,765 shares of the auto manufacturer’s stock after acquiring an additional 7,391,361 shares during the quarter. SG Americas Securities LLC’s holdings in Ford Motor were worth $103,892,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Ford Motor during the fourth quarter valued at $674,437,000. DLD Asset Management LP bought a new position in Ford Motor in the 3rd quarter worth about $299,000,000. Marshall Wace LLP boosted its stake in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after purchasing an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC grew its position in Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Stock Performance
Shares of F opened at $14.04 on Monday. The firm has a market capitalization of $55.96 billion, a P/E ratio of -9.06, a PEG ratio of 0.31 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. Ford Motor Company has a one year low of $10.42 and a one year high of $17.78. The business has a fifty day moving average of $13.71 and a 200 day moving average of $13.33.
Ford Motor Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is presently -38.71%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on F shares. TD Cowen decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Citigroup raised their price target on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.63.
Ford Motor Profile
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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