JPMorgan Chase & Co. cut its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,231 shares of the company's stock after selling 40,275 shares during the period. JPMorgan Chase & Co. owned approximately 1.11% of Group 1 Automotive worth $62,055,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in Group 1 Automotive by 25.6% during 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. EverSource Wealth Advisors LLC boosted its holdings in shares of Group 1 Automotive by 13.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock worth $146,000 after purchasing an additional 41 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Group 1 Automotive by 20.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 264 shares of the company's stock valued at $101,000 after acquiring an additional 44 shares in the last quarter. Savant Capital LLC grew its stake in 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 purchasing an additional 47 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Group 1 Automotive by 70.4% during the fourth quarter. GAMMA Investing LLC now owns 121 shares of the company's stock valued at $51,000 after acquiring an additional 50 shares in the last quarter. 99.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Jefferies Financial Group started coverage on shares of Group 1 Automotive in a research note on Friday, December 13th. They issued a "buy" rating and a $500.00 target price on the stock. Finally, Stephens restated an "equal weight" rating and set a $460.00 price target on shares of Group 1 Automotive in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $450.33.
View Our Latest Analysis on GPI
Group 1 Automotive Trading Up 10.2 %
Shares of Group 1 Automotive stock traded up $38.54 during trading hours on Wednesday, hitting $415.55. The company's stock had a trading volume of 293,705 shares, compared to its average volume of 144,280. 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, Inc. has a 12 month low of $262.31 and a 12 month high of $490.09. The stock has a 50 day moving average of $430.33 and a 200 day moving average of $414.42. The company has a market capitalization of $5.50 billion, a PE ratio of 11.31 and a beta of 1.05.
Group 1 Automotive (NYSE:GPI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $10.02 earnings per share for the quarter, topping analysts' consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. Analysts predict that Group 1 Automotive, Inc. will post 41 earnings per share for the current year.
Group 1 Automotive Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.50 per share. This is a positive change from Group 1 Automotive's previous quarterly dividend of $0.47. The ex-dividend date was Monday, March 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. Group 1 Automotive's payout ratio is 5.44%.
Group 1 Automotive Company 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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