Ameriprise Financial Inc. Has $38.25 Million Holdings in Group 1 Automotive, Inc. (NYSE:GPI)

Ameriprise Financial Inc. decreased its holdings in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,741 shares of the company's stock after selling 5,360 shares during the period. Ameriprise Financial Inc. owned about 0.68% of Group 1 Automotive worth $38,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC raised its stake in shares of Group 1 Automotive by 25.6% in the fourth quarter. Avior Wealth Management LLC now owns 152 shares of the company's stock valued at $64,000 after acquiring an additional 31 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Group 1 Automotive by 119.4% in the fourth quarter. Bessemer Group Inc. now owns 68 shares of the company's stock valued at $29,000 after purchasing an additional 37 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Group 1 Automotive by 13.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company's stock valued at $146,000 after purchasing an additional 41 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Group 1 Automotive by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company's stock valued at $647,000 after purchasing an additional 41 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Group 1 Automotive by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,385 shares of the company's stock valued at $584,000 after purchasing an additional 44 shares in the last quarter. Institutional investors own 99.92% of the company's stock.

Wall Street Analysts Forecast Growth

GPI has been the subject of a number of research reports. Guggenheim lowered shares of Group 1 Automotive from a "buy" rating to a "neutral" rating in a report on Wednesday. Stephens reissued an "equal weight" rating and issued a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. 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 report on Thursday, March 27th. Finally, Citigroup upped their target price on shares of Group 1 Automotive from $463.00 to $495.00 and gave the company a "buy" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Group 1 Automotive has a consensus rating of "Moderate Buy" and a consensus price target of $454.43.

Group 1 Automotive Trading Up 0.7%

Shares of Group 1 Automotive stock traded up $3.28 on Friday, hitting $444.14. 88,750 shares of the company's stock traded hands, compared to its average volume of 143,092. The firm's 50-day moving average price is $404.29 and its two-hundred day moving average price is $423.19. The stock has a market capitalization of $5.74 billion, a PE ratio of 12.09 and a beta of 0.94. Group 1 Automotive, Inc. has a one year low of $279.86 and a one year high of $490.09. 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 (NYSE:GPI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $10.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.68 by $0.49. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.37 billion. During the same quarter in the previous year, the business earned $9.49 EPS. The firm's revenue was up 23.1% on a year-over-year basis. On average, research analysts expect that Group 1 Automotive, Inc. will post 41 EPS for the current fiscal year.

Group 1 Automotive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, June 2nd. Group 1 Automotive's dividend payout ratio (DPR) is 5.61%.

Insider Activity

In related news, VP Michael David Jones sold 1,613 shares of the company's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $405.57, for a total value of $654,184.41. Following the completion of the transaction, the vice president now directly owns 8,260 shares of the company's stock, valued at approximately $3,350,008.20. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by company insiders.

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.