JPMorgan Chase & Co. Has $17.24 Million Holdings in Asbury Automotive Group, Inc. (NYSE:ABG)

JPMorgan Chase & Co. boosted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABGGet Rating) by 230.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,629 shares of the company’s stock after purchasing an additional 75,010 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of Asbury Automotive Group worth $17,243,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ABG. Bank of America Corp DE raised its stake in Asbury Automotive Group by 28.7% during the 4th quarter. Bank of America Corp DE now owns 194,885 shares of the company’s stock valued at $33,663,000 after purchasing an additional 43,499 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Asbury Automotive Group by 39.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,253 shares of the company’s stock valued at $1,253,000 after purchasing an additional 2,061 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Asbury Automotive Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 742,439 shares of the company’s stock valued at $128,237,000 after purchasing an additional 12,755 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Asbury Automotive Group by 78.4% in the 4th quarter. First Horizon Advisors Inc. now owns 223 shares of the company’s stock valued at $38,000 after buying an additional 98 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Asbury Automotive Group by 17.3% in the 4th quarter. BNP Paribas Arbitrage SA now owns 32,519 shares of the company’s stock valued at $5,617,000 after buying an additional 4,791 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABG. Morgan Stanley increased their price objective on shares of Asbury Automotive Group from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Friday, July 29th. StockNews.com upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Asbury Automotive Group from $195.00 to $205.00 and gave the company a “neutral” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $203.75.

Asbury Automotive Group Trading Down 3.5 %

Shares of Asbury Automotive Group stock opened at $165.09 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 5.01, a price-to-earnings-growth ratio of 0.25 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 1.38. The company has a 50-day simple moving average of $175.37 and a 200 day simple moving average of $176.38. Asbury Automotive Group, Inc. has a 12-month low of $146.43 and a 12-month high of $230.96.

Asbury Automotive Group Profile

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Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.

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Institutional Ownership by Quarter for Asbury Automotive Group (NYSE:ABG)

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