4,213,301 Ford Motor Company $F Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Ford position by 5,470.3%, purchasing 4.21 million additional shares and ending the quarter with 4.29 million shares worth approximately $51.7 million.
• Analysts maintain a consensus “Hold” rating on Ford, with a consensus price target of $15.36; seven analysts rate it a Buy, 11 a Hold, and one a Sell.
• Ford’s latest quarterly results exceeded expectations, with EPS of $0.42 versus the $0.33 consensus and revenue of $48.30 billion. The company also paid a quarterly dividend of $0.15 per share, implying a 4.8% annualized yield.

Assenagon Asset Management S.A. lifted its position in Ford Motor Company (NYSE:F - Free Report) by 5,470.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,290,322 shares of the auto manufacturer's stock after purchasing an additional 4,213,301 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Ford Motor worth $51,741,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Maripau Wealth Management LLC increased its position in Ford Motor by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock valued at $538,000 after purchasing an additional 749 shares during the period. Wayfinding Financial LLC increased its holdings in Ford Motor by 5.8% during the second quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer's stock valued at $189,000 after buying an additional 754 shares during the period. Southern Financial Group LLC raised its stake in Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock worth $401,000 after buying an additional 776 shares in the last quarter. Bernicke Wealth Management Ltd. raised its stake in Ford Motor by 2.0% in the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer's stock worth $553,000 after buying an additional 792 shares in the last quarter. Finally, Bank & Trust Co increased its holdings in shares of Ford Motor by 2.6% in the 2nd quarter. Bank & Trust Co now owns 31,665 shares of the auto manufacturer's stock valued at $440,000 after acquiring an additional 794 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on F. BNP Paribas Exane boosted their price target on Ford Motor from $14.00 to $14.50 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Zacks Research lowered shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Barclays increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, July 9th. Royal Bank Of Canada raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group raised shares of Ford Motor from a "hold" rating to a "buy" rating and lifted their price target for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor currently has a consensus rating of "Hold" and a consensus price target of $15.36.

Ford Motor Trading Up 1.1%

Shares of Ford Motor stock opened at $12.45 on Friday. The firm has a market capitalization of $49.63 billion, a price-to-earnings ratio of -6.66, a PEG ratio of 0.25 and a beta of 1.93. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The firm's 50 day simple moving average is $13.33 and its two-hundred day simple moving average is $13.56.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The firm's revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Analysts predict that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. Ford Motor's payout ratio is -32.09%.

Ford Motor Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

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