Legal & General Group Plc Has $173.07 Million Holdings in Ford Motor (F)

Legal & General Group Plc raised its stake in shares of Ford Motor (NYSE:F) by 5.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,619,672 shares of the auto manufacturer’s stock after purchasing an additional 1,210,042 shares during the period. Legal & General Group Plc owned approximately 0.57% of Ford Motor worth $173,065,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans lifted its stake in Ford Motor by 1.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 188,775 shares of the auto manufacturer’s stock valued at $1,473,000 after purchasing an additional 3,018 shares during the last quarter. RFG Advisory LLC bought a new stake in Ford Motor during the 4th quarter valued at $136,000. IHT Wealth Management LLC raised its holdings in Ford Motor by 19.4% during the 4th quarter. IHT Wealth Management LLC now owns 115,439 shares of the auto manufacturer’s stock valued at $883,000 after acquiring an additional 18,721 shares during the period. Bluefin Trading LLC raised its holdings in Ford Motor by 344.2% during the 4th quarter. Bluefin Trading LLC now owns 61,300 shares of the auto manufacturer’s stock valued at $469,000 after acquiring an additional 47,500 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Ford Motor during the 4th quarter valued at $804,000. Institutional investors and hedge funds own 53.22% of the company’s stock.

F traded down $0.12 during trading on Monday, reaching $9.33. The stock had a trading volume of 40,773,371 shares, compared to its average volume of 42,772,867. The stock has a market cap of $36.99 billion, a PE ratio of 7.18, a P/E/G ratio of 0.86 and a beta of 1.04. The company has a quick ratio of 1.08, a current ratio of 1.20 and a debt-to-equity ratio of 2.80. Ford Motor has a one year low of $7.41 and a one year high of $12.15.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. The business had revenue of $38.70 billion for the quarter, compared to analysts’ expectations of $36.83 billion. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, equities analysts anticipate that Ford Motor will post 1.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 6.43%. Ford Motor’s dividend payout ratio is presently 46.15%.

F has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. BMO Capital Markets reissued a “hold” rating and set a $8.50 target price on shares of Ford Motor in a report on Monday, January 7th. Citigroup reissued a “reduce” rating on shares of Ford Motor in a report on Wednesday, April 10th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Barclays set a $9.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a report on Friday, January 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.26.

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Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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