SG Americas Securities LLC Acquires 11,603 Shares of Magna International Inc. $MGA

Posted by Stanley Muller on Jul 7th, 2026

SG Americas Securities LLC boosted its holdings in shares of Magna International Inc. (NYSE:MGA – Free Report) (TSE:MG) by 498.4% in the first quarter, Holdings Channel.com reports. The fund owned 13,931 shares of the company’s stock after acquiring an additional 11,603 shares during the quarter. SG Americas Securities LLC’s holdings in Magna International were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MGA. Community Bank N.A. purchased a new stake in shares of Magna International during the third quarter valued at $29,000. EverSource Wealth Advisors LLC increased its stake in Magna International by 35.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 779 shares of the company’s stock worth $42,000 after buying an additional 205 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in Magna International in the 4th quarter worth about $49,000. Atlas Capital Advisors Inc. bought a new stake in Magna International during the 4th quarter valued at about $67,000. Finally, Danske Bank A S purchased a new stake in Magna International in the 3rd quarter valued at about $112,000. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Wall Street Analysts Forecast Growth

MGA has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce dropped their target price on shares of Magna International to $74.00 in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on Magna International from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. UBS Group dropped their price objective on Magna International from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on Magna International from $69.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Finally, Scotiabank upgraded Magna International from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $69.00 to $72.00 in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.47.

Check Out Our Latest Stock Report on Magna International

Magna International Stock Performance

Shares of MGA stock opened at $65.74 on Tuesday. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 0.85 and a beta of 1.44. Magna International Inc. has a 52-week low of $40.51 and a 52-week high of $69.94. The company has a quick ratio of 0.88, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $64.16 and its 200 day moving average is $59.48.

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

Magna International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. 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.