Penske Automotive Group, Inc. (NYSE:PAG) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Penske Automotive Group, Inc. (NYSE:PAGGet Rating) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 949 shares of the company’s stock after selling 134 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Penske Automotive Group were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Denali Advisors LLC raised its holdings in shares of Penske Automotive Group by 2.9% during the 2nd quarter. Denali Advisors LLC now owns 3,153 shares of the company’s stock worth $330,000 after acquiring an additional 90 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Penske Automotive Group by 32.8% during the 1st quarter. Quadrant Capital Group LLC now owns 413 shares of the company’s stock worth $39,000 after acquiring an additional 102 shares during the period. Blue Chip Partners Inc. raised its holdings in shares of Penske Automotive Group by 0.3% during the 1st quarter. Blue Chip Partners Inc. now owns 41,889 shares of the company’s stock worth $3,926,000 after acquiring an additional 120 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of Penske Automotive Group by 137.9% during the 2nd quarter. Janiczek Wealth Management LLC now owns 226 shares of the company’s stock worth $26,000 after acquiring an additional 131 shares during the period. Finally, Commerce Bank raised its holdings in shares of Penske Automotive Group by 2.9% during the 1st quarter. Commerce Bank now owns 4,733 shares of the company’s stock worth $444,000 after acquiring an additional 134 shares during the period. Hedge funds and other institutional investors own 33.07% of the company’s stock.

Penske Automotive Group Trading Up 0.0 %

NYSE PAG opened at $124.02 on Friday. The firm’s 50-day moving average is $105.82 and its two-hundred day moving average is $110.24. Penske Automotive Group, Inc. has a 12 month low of $88.58 and a 12 month high of $126.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.98 and a quick ratio of 0.25. The stock has a market capitalization of $8.84 billion, a P/E ratio of 6.78, a PEG ratio of 1.09 and a beta of 1.25.

Penske Automotive Group (NYSE:PAGGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $4.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $0.23. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.79 billion. Penske Automotive Group had a net margin of 5.14% and a return on equity of 33.86%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.46 earnings per share. On average, sell-side analysts anticipate that Penske Automotive Group, Inc. will post 18.3 earnings per share for the current year.

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.57 per share. The ex-dividend date is Wednesday, November 9th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a yield of 1.84%. Penske Automotive Group’s dividend payout ratio is 12.47%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAG. Bank of America reduced their price target on Penske Automotive Group from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Friday, September 9th. JPMorgan Chase & Co. decreased their target price on shares of Penske Automotive Group from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, October 6th. Finally, StockNews.com raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Tuesday.

About Penske Automotive Group

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Penske Automotive Group, Inc operates as an international transportation services company. Which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other.

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Institutional Ownership by Quarter for Penske Automotive Group (NYSE:PAG)

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