Barclays PLC Has $12.55 Million Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Barclays PLC decreased its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,775 shares of the company's stock after selling 26,544 shares during the quarter. Barclays PLC owned approximately 0.22% of Group 1 Automotive worth $12,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its stake in Group 1 Automotive by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 156,627 shares of the company's stock valued at $55,701,000 after buying an additional 3,507 shares during the period. Boston Partners boosted its position in shares of Group 1 Automotive by 3.3% in the 4th quarter. Boston Partners now owns 74,844 shares of the company's stock worth $31,653,000 after buying an additional 2,405 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Group 1 Automotive by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock worth $65,297,000 after acquiring an additional 2,000 shares during the last quarter. Cinctive Capital Management LP increased its position in Group 1 Automotive by 181.3% during the fourth quarter. Cinctive Capital Management LP now owns 21,321 shares of the company's stock worth $8,986,000 after buying an additional 13,742 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC acquired a new position in Group 1 Automotive in the 4th quarter valued at about $295,000. Institutional investors and hedge funds own 99.92% of the company's stock.

Group 1 Automotive Price Performance

Shares of Group 1 Automotive stock traded up $0.20 during trading on Friday, hitting $406.97. The stock had a trading volume of 88,390 shares, compared to its average volume of 143,998. The business has a fifty day moving average of $414.06 and a two-hundred day moving average of $415.75. The firm has a market cap of $5.39 billion, a P/E ratio of 11.07 and a beta of 1.05. Group 1 Automotive, Inc. has a fifty-two week low of $279.86 and a fifty-two week high of $490.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 0.24.

Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $10.17 earnings per share for the quarter, topping the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.37 billion. On average, sell-side analysts expect that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.

Group 1 Automotive Increases Dividend

The firm also recently declared 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. This is an increase from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Group 1 Automotive's payout ratio is currently 5.44%.

Analysts Set New Price Targets

GPI has been the subject of several analyst reports. Citigroup assumed coverage on Group 1 Automotive in a research note on Wednesday. They issued a "buy" rating and a $463.00 target price for the company. Guggenheim lowered their target price on Group 1 Automotive from $502.00 to $426.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Stephens reissued an "equal weight" rating and set a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $449.86.

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.