Amundi boosted its stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 186.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,717 shares of the company's stock after acquiring an additional 4,374 shares during the quarter. Amundi owned 0.05% of Group 1 Automotive worth $2,826,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in GPI. Assetmark Inc. grew its stake in Group 1 Automotive by 51.9% in the 3rd quarter. Assetmark Inc. now owns 82 shares of the company's stock valued at $31,000 after acquiring an additional 28 shares during the period. Atria Investments Inc grew its stake in Group 1 Automotive by 2.6% in the 3rd quarter. Atria Investments Inc now owns 2,225 shares of the company's stock valued at $852,000 after acquiring an additional 57 shares during the period. Victory Capital Management Inc. grew its stake in Group 1 Automotive by 8.0% in the 3rd quarter. Victory Capital Management Inc. now owns 35,298 shares of the company's stock valued at $13,521,000 after acquiring an additional 2,616 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Group 1 Automotive by 32.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,225 shares of the company's stock valued at $1,235,000 after acquiring an additional 792 shares during the period. Finally, KBC Group NV grew its stake in Group 1 Automotive by 20.9% in the 3rd quarter. KBC Group NV now owns 405 shares of the company's stock valued at $155,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 99.92% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Group 1 Automotive in a report on Friday, December 13th. They issued a "buy" rating and a $500.00 price objective on the stock. Guggenheim raised their price objective on Group 1 Automotive from $420.00 to $442.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $420.00 to $495.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Stephens restated an "equal weight" rating and issued a $460.00 price objective on shares of Group 1 Automotive in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $460.33.
Check Out Our Latest Stock Report on Group 1 Automotive
Group 1 Automotive Trading Up 1.1 %
NYSE GPI traded up $4.28 during trading on Wednesday, hitting $394.73. The stock had a trading volume of 9,119 shares, compared to its average volume of 129,881. The company has a market capitalization of $5.23 billion, a PE ratio of 10.74 and a beta of 1.33. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average price of $447.84 and a 200 day moving average price of $411.50. Group 1 Automotive, Inc. has a twelve month low of $262.31 and a twelve month high of $490.09.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its earnings results 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 return on equity of 18.09% and a net margin of 2.47%. As a group, equities research analysts forecast that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. Group 1 Automotive's dividend payout ratio is presently 5.44%.
Group 1 Automotive Profile
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Free Report)
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.
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