Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in Penske Automotive Group, Inc. $PAG

Posted by Geri Gentry on Nov 7th, 2026

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Penske Automotive Group, Inc. (NYSE:PAG – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,896 shares of the company’s stock, valued at approximately $3,385,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Penske Automotive Group in the second quarter worth approximately $35,000. Core Capital Management & Research inc. bought a new position in shares of Penske Automotive Group during the 2nd quarter valued at $43,000. Parkside Financial Bank & Trust raised its holdings in shares of Penske Automotive Group by 57.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 245 shares of the company’s stock valued at $44,000 after purchasing an additional 89 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Penske Automotive Group in the 3rd quarter valued at $44,000. Finally, Versant Capital Management Inc lifted its stake in shares of Penske Automotive Group by 179.0% in the 2nd quarter. Versant Capital Management Inc now owns 279 shares of the company’s stock valued at $50,000 after purchasing an additional 179 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Penske Automotive Group Stock Performance

Penske Automotive Group stock traded up $0.35 during mid-day trading on Friday, reaching $212.56. The company had a trading volume of 267,026 shares, compared to its average volume of 668,741. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 15.50 and a beta of 0.92. The company has a 50 day moving average of $210.03 and a 200-day moving average of $183.97. Penske Automotive Group, Inc. has a 52 week low of $140.12 and a 52 week high of $227.00.

Penske Automotive Group (NYSE:PAG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.01). The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.14 billion. Penske Automotive Group had a return on equity of 14.82% and a net margin of 2.77%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 EPS. On average, sell-side analysts expect that Penske Automotive Group, Inc. will post 13.39 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $1.46 per share. This represents a $5.84 dividend on an annualized basis and a yield of 2.7%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.44. The ex-dividend date of this dividend is Friday, November 13th. Penske Automotive Group’s dividend payout ratio (DPR) is 42.01%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Penske Automotive Group from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. UBS Group restated a “neutral” rating and set a $212.00 target price on shares of Penske Automotive Group in a report on Friday, October 16th. Weiss Ratings cut Penske Automotive Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Benchmark downgraded Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Barclays boosted their target price on Penske Automotive Group from $210.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Penske Automotive Group currently has an average rating of “Moderate Buy” and a consensus target price of $211.71.

Read Our Latest Stock Analysis on Penske Automotive Group

Penske Automotive Group Company Profile

(Free Report)

Penske Automotive Group, Inc is a diversified international transportation services company that operates automotive and commercial vehicle dealerships. Through its retail automotive operations, the company sells new and used cars and trucks representing a range of manufacturers and provides related services, including vehicle maintenance and repair, parts, collision repair, financing, insurance products and extended service contracts.

The company also operates commercial truck dealerships that sell and service new and used trucks and offer parts and maintenance services to commercial customers.