Assenagon Asset Management S.A. Acquires 8,824,000 Shares of Ford Motor (NYSE:F)

Assenagon Asset Management S.A. grew its position in Ford Motor (NYSE:F - Free Report) by 14,373.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,885,389 shares of the auto manufacturer's stock after buying an additional 8,824,000 shares during the quarter. Assenagon Asset Management S.A. owned 0.22% of Ford Motor worth $93,830,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in F. Legacy Wealth Asset Management LLC grew its holdings in Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer's stock valued at $650,000 after purchasing an additional 836 shares during the period. Insight Wealth Partners LLC grew its stake in shares of Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer's stock valued at $554,000 after buying an additional 843 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer's stock valued at $374,000 after buying an additional 846 shares in the last quarter. RB Capital Management LLC grew its stake in Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer's stock worth $403,000 after purchasing an additional 857 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer's stock worth $244,000 after purchasing an additional 875 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on F. The Goldman Sachs Group raised Ford Motor from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Evercore ISI raised Ford Motor to a "hold" rating in a research note on Friday, July 26th. Barclays lowered their price target on Ford Motor from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Tuesday, October 15th. Morgan Stanley cut Ford Motor from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, StockNews.com upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.56.

Ford Motor Stock Up 1.5 %

Shares of F stock traded up $0.17 on Thursday, hitting $11.23. The company's stock had a trading volume of 44,696,872 shares, compared to its average volume of 53,077,652. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The firm's fifty day moving average price is $10.80 and its 200-day moving average price is $11.72. The stock has a market capitalization of $44.83 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. Research analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.