Congress Wealth Management LLC DE Has $6.23 Million Position in Group 1 Automotive, Inc. (NYSE:GPI)

Congress Wealth Management LLC DE reduced its position in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 52.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,774 shares of the company's stock after selling 16,553 shares during the quarter. Congress Wealth Management LLC DE owned about 0.11% of Group 1 Automotive worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Group 1 Automotive by 133.0% during the third quarter. FMR LLC now owns 407,930 shares of the company's stock worth $156,253,000 after purchasing an additional 232,846 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Group 1 Automotive during the 4th quarter worth about $37,119,000. Thrivent Financial for Lutherans increased its stake in shares of Group 1 Automotive by 111.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 161,216 shares of the company's stock valued at $67,949,000 after acquiring an additional 84,832 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Group 1 Automotive by 3,663.1% in the 3rd quarter. Verition Fund Management LLC now owns 55,280 shares of the company's stock valued at $21,174,000 after acquiring an additional 53,811 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Group 1 Automotive during the 4th quarter worth approximately $21,608,000. 99.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research note on Thursday. Stephens restated an "equal weight" rating and issued a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. Finally, Jefferies Financial Group initiated coverage on Group 1 Automotive in a report on Friday, December 13th. They set a "buy" rating and a $500.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Group 1 Automotive presently has an average rating of "Moderate Buy" and an average price target of $450.33.

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Group 1 Automotive Stock Down 4.3 %

Shares of GPI stock traded down $16.86 on Friday, hitting $376.32. 247,579 shares of the stock were exchanged, compared to its average volume of 139,514. 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 firm has a market capitalization of $4.98 billion, a P/E ratio of 10.24 and a beta of 1.33. Group 1 Automotive, Inc. has a fifty-two week low of $262.31 and a fifty-two week high of $490.09. The business has a 50-day moving average of $442.80 and a 200 day moving average of $413.91.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, topping 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%. Equities analysts anticipate that Group 1 Automotive, Inc. will post 41 EPS for the current year.

Group 1 Automotive Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.50 dividend. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, March 3rd. Group 1 Automotive's payout ratio is presently 5.44%.

Group 1 Automotive Company 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.