ING Groep NV boosted its stake in shares of Ford Motor Co. (NYSE:F) by 255.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,076,379 shares of the auto manufacturer’s stock after buying an additional 773,575 shares during the period. ING Groep NV’s holdings in Ford Motor were worth $13,530,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in Ford Motor during the first quarter valued at approximately $104,000. Lazard Asset Management LLC increased its position in Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock valued at $123,000 after buying an additional 2,370 shares during the period. Financial Architects Inc increased its position in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 6,897 shares during the period. Community Bank N.A. increased its position in Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock valued at $128,000 after buying an additional 300 shares during the period. Finally, Leavell Investment Management Inc. increased its position in Ford Motor by 3.6% in the second quarter. Leavell Investment Management Inc. now owns 10,543 shares of the auto manufacturer’s stock valued at $133,000 after buying an additional 368 shares during the period. 56.06% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) traded up 0.25% during trading on Monday, hitting $12.10. 20,683,081 shares of the stock traded hands. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The company has a market cap of $48.08 billion, a P/E ratio of 5.71 and a beta of 1.27. The company’s 50 day moving average price is $12.32 and its 200 day moving average price is $12.94.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Jefferies Group restated a “sell” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Wednesday, August 17th. Rodman & Renshaw assumed coverage on shares of Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating on the stock. Piper Jaffray Cos. assumed coverage on shares of Ford Motor in a research report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price target on the stock. Vetr cut shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 price objective on the stock. in a research report on Monday, July 11th. Finally, Daiwa Capital Markets cut shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research report on Monday, August 1st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Ford Motor currently has a consensus rating of “Hold” and an average target price of $14.07.
In other news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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