Virtu Financial LLC boosted its holdings in Ford Motor (NYSE:F - Free Report) by 252.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,040 shares of the auto manufacturer's stock after acquiring an additional 250,120 shares during the quarter. Virtu Financial LLC's holdings in Ford Motor were worth $3,455,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in shares of Ford Motor by 6.3% in the 3rd quarter. Empowered Funds LLC now owns 94,227 shares of the auto manufacturer's stock worth $995,000 after acquiring an additional 5,557 shares during the period. Quest Partners LLC bought a new stake in Ford Motor during the third quarter worth approximately $96,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Ford Motor in the third quarter worth approximately $1,373,000. PNC Financial Services Group Inc. boosted its stake in Ford Motor by 17.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer's stock valued at $11,550,000 after purchasing an additional 158,960 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of Ford Motor by 4.9% in the 3rd quarter. Commerce Bank now owns 144,810 shares of the auto manufacturer's stock worth $1,529,000 after buying an additional 6,814 shares in the last quarter. Institutional investors own 58.74% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on F. Piper Sandler lowered their target price on Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and cut their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada reduced their price objective on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $11.50.
View Our Latest Stock Report on Ford Motor
Ford Motor Stock Up 0.3 %
NYSE F traded up $0.03 during trading on Tuesday, reaching $10.28. 83,616,671 shares of the company's stock were exchanged, compared to its average volume of 62,232,448. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The company's fifty day simple moving average is $9.75 and its 200-day simple moving average is $10.29. The firm has a market capitalization of $40.74 billion, a PE ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.59.
Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts predict that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.
About Ford Motor
(
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.
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