Assenagon Asset Management S.A. Reduces Stock Position in Ford Motor (NYSE:F)

Assenagon Asset Management S.A. lessened its position in shares of Ford Motor (NYSE:FGet Rating) by 71.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 269,505 shares of the auto manufacturer’s stock after selling 672,436 shares during the period. Assenagon Asset Management S.A.’s holdings in Ford Motor were worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Snider Financial Group increased its holdings in shares of Ford Motor by 100,345.2% in the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after buying an additional 219,586,336 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Ford Motor by 61.2% in the 1st quarter. Prudential Financial Inc. now owns 8,968,152 shares of the auto manufacturer’s stock worth $151,652,000 after buying an additional 3,404,530 shares during the last quarter. Bridgewater Associates LP increased its holdings in shares of Ford Motor by 110.0% in the 2nd quarter. Bridgewater Associates LP now owns 4,620,739 shares of the auto manufacturer’s stock worth $51,429,000 after buying an additional 2,420,789 shares during the last quarter. Ardevora Asset Management LLP increased its holdings in shares of Ford Motor by 48.9% in the 2nd quarter. Ardevora Asset Management LLP now owns 4,647,771 shares of the auto manufacturer’s stock worth $51,730,000 after buying an additional 1,525,371 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Ford Motor by 33.4% in the 2nd quarter. AustralianSuper Pty Ltd now owns 5,734,460 shares of the auto manufacturer’s stock worth $63,825,000 after buying an additional 1,436,806 shares during the last quarter. Institutional investors own 49.68% of the company’s stock.

Ford Motor Trading Up 3.0 %

NYSE:F opened at $13.22 on Thursday. The company has a 50-day moving average price of $13.01 and a 200-day moving average price of $13.30. Ford Motor has a 12 month low of $10.61 and a 12 month high of $25.87. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 2.00. The stock has a market cap of $53.15 billion, a price-to-earnings ratio of 6.01, a P/E/G ratio of 2.32 and a beta of 1.44.

Ford Motor (NYSE:FGet Rating) last posted its earnings results on Wednesday, October 26th. The auto manufacturer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Ford Motor had a return on equity of 14.69% and a net margin of 5.94%. The company had revenue of $37.19 billion during the quarter, compared to analysts’ expectations of $37.11 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts predict that Ford Motor will post 1.96 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were given a $0.15 dividend. The ex-dividend date was Monday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.54%. Ford Motor’s dividend payout ratio is 27.27%.

Analyst Ratings Changes

Several research firms recently commented on F. Morgan Stanley increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, October 28th. Citigroup increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 30th. StockNews.com began coverage on shares of Ford Motor in a report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group lowered shares of Ford Motor from a “neutral” rating to a “sell” rating and reduced their target price for the company from $13.00 to $10.00 in a report on Monday, October 10th. Finally, TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.84.

Insider Transactions at Ford Motor

In related news, insider Stuart J. Rowley sold 29,821 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total value of $416,599.37. Following the completion of the transaction, the insider now directly owns 224,978 shares in the company, valued at approximately $3,142,942.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Ford Motor Company Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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

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