Amundi Has $2.83 Million Position in Group 1 Automotive, Inc. (NYSE:GPI)

Amundi raised its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 186.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,717 shares of the company's stock after purchasing an additional 4,374 shares during the period. Amundi owned approximately 0.05% of Group 1 Automotive worth $2,826,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GPI. Assetmark Inc. raised its stake in Group 1 Automotive by 51.9% during the third quarter. Assetmark Inc. now owns 82 shares of the company's stock worth $31,000 after acquiring an additional 28 shares in the last quarter. Avior Wealth Management LLC boosted its position in Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after buying an additional 31 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Group 1 Automotive by 20.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 264 shares of the company's stock worth $101,000 after acquiring an additional 44 shares during the last quarter. Savant Capital LLC increased its stake in shares of Group 1 Automotive by 8.2% in the fourth quarter. Savant Capital LLC now owns 622 shares of the company's stock valued at $262,000 after buying an additional 47 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock worth $51,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 99.92% of the company's stock.

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Group 1 Automotive Trading Down 1.2 %

GPI stock traded down $4.86 during mid-day trading on Thursday, reaching $395.69. The company's stock had a trading volume of 148,897 shares, compared to its average volume of 130,556. Group 1 Automotive, Inc. has a 12 month low of $262.31 and a 12 month high of $490.09. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The business's 50 day moving average price is $447.41 and its 200 day moving average price is $411.42. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 10.77 and a beta of 1.33.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. On average, equities research analysts predict that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's dividend payout ratio is currently 5.44%.

Analysts Set New Price Targets

GPI has been the topic of several recent research reports. Stephens reaffirmed an "equal weight" rating and set a $460.00 target price on shares of Group 1 Automotive in a report on Thursday, January 30th. Guggenheim lifted their price objective on Group 1 Automotive from $420.00 to $442.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Jefferies Financial Group assumed coverage on shares of Group 1 Automotive in a research report on Friday, December 13th. They set a "buy" rating and a $500.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Group 1 Automotive from $420.00 to $495.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Group 1 Automotive has an average rating of "Moderate Buy" and an average price target of $460.33.

Group 1 Automotive Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.