QRG Capital Management Inc. Increases Position in Ford Motor (NYSE:F)

QRG Capital Management Inc. increased its stake in shares of Ford Motor (NYSE:FFree Report) by 38.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 626,007 shares of the auto manufacturer’s stock after purchasing an additional 172,264 shares during the period. QRG Capital Management Inc.’s holdings in Ford Motor were worth $7,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of F. ING Groep NV bought a new position in shares of Ford Motor during the third quarter worth $1,723,000. Allspring Global Investments Holdings LLC lifted its position in Ford Motor by 9.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,050,208 shares of the auto manufacturer’s stock valued at $13,044,000 after purchasing an additional 94,880 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Ford Motor by 14.6% during the third quarter. Perigon Wealth Management LLC now owns 38,979 shares of the auto manufacturer’s stock valued at $484,000 after purchasing an additional 4,961 shares during the last quarter. Fifth Third Bancorp lifted its position in Ford Motor by 1.6% during the third quarter. Fifth Third Bancorp now owns 281,068 shares of the auto manufacturer’s stock valued at $3,491,000 after purchasing an additional 4,535 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC lifted its position in Ford Motor by 7.9% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 45,446 shares of the auto manufacturer’s stock valued at $564,000 after purchasing an additional 3,317 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup increased their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Finally, Morgan Stanley raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.74.

Get Our Latest Stock Report on Ford Motor

Ford Motor Stock Up 2.8 %

NYSE F traded up $0.33 during trading on Monday, reaching $12.32. 38,858,808 shares of the company’s stock traded hands, compared to its average volume of 53,307,859. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market cap of $49.19 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The company’s 50 day simple moving average is $12.64 and its two-hundred day simple moving average is $11.82. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Ford Motor Company Profile

(Free Report)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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