BNP Paribas Financial Markets Has $3.46 Million Stock Holdings in Magna International Inc. (NYSE:MGA)

BNP Paribas Financial Markets increased its stake in Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 117,113.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,394 shares of the company's stock after purchasing an additional 84,322 shares during the period. BNP Paribas Financial Markets' holdings in Magna International were worth $3,464,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Magna International in the 2nd quarter valued at approximately $28,000. Kennebec Savings Bank bought a new position in Magna International in the third quarter valued at approximately $32,000. Grove Bank & Trust raised its position in Magna International by 70.4% during the third quarter. Grove Bank & Trust now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 343 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Magna International by 84.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,121 shares of the company's stock worth $46,000 after purchasing an additional 513 shares during the last quarter. Finally, Tobam lifted its stake in Magna International by 94.3% during the third quarter. Tobam now owns 4,373 shares of the company's stock worth $179,000 after purchasing an additional 2,122 shares during the last quarter. Institutional investors and hedge funds own 67.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MGA shares. Wolfe Research raised Magna International from an "underperform" rating to a "peer perform" rating in a report on Thursday. Royal Bank of Canada decreased their target price on Magna International from $42.00 to $41.00 and set a "sector perform" rating on the stock in a research report on Monday, November 4th. StockNews.com raised shares of Magna International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Magna International from $44.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Finally, Morgan Stanley cut Magna International from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $55.00 to $43.00 in a research note on Wednesday, September 25th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Magna International currently has a consensus rating of "Hold" and a consensus target price of $49.76.

Magna International Trading Down 0.0 %

Shares of MGA traded down $0.01 during trading hours on Thursday, hitting $45.79. 2,911,951 shares of the stock were exchanged, compared to its average volume of 1,615,534. Magna International Inc. has a fifty-two week low of $38.01 and a fifty-two week high of $60.32. The business has a 50-day moving average of $42.81 and a 200-day moving average of $42.55. The firm has a market capitalization of $13.16 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.77.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings results on Friday, November 1st. The company reported $1.28 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.20). The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $10.34 billion. Magna International had a return on equity of 11.88% and a net margin of 2.52%. The business's revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 earnings per share. On average, research analysts expect that Magna International Inc. will post 5.22 EPS for the current year.

Magna International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.15%. The ex-dividend date was Friday, November 15th. Magna International's dividend payout ratio (DPR) is presently 50.80%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.