Bank of New York Mellon Corp Buys Shares of 51,598,382 Ford Motor Company $F

Key Points

• Bank of New York Mellon acquired 51.6 million Ford shares worth approximately $717.2 million, representing about 1.29% of the automaker. Institutional investors and hedge funds collectively own 58.74% of Ford.
• Analyst sentiment remains mixed but improved, with several firms raising price targets and Jefferies and UBS issuing Buy ratings. The consensus rating is Hold, with an average target price of $15.68.
• Ford beat quarterly earnings expectations, reporting $0.42 EPS versus the $0.33 consensus and $48.3 billion in revenue. The company also declared a $0.15 quarterly dividend, equivalent to a 4.3% annualized yield.

Bank of New York Mellon Corp acquired a new stake in Ford Motor Company (NYSE:F - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 51,598,382 shares of the auto manufacturer's stock, valued at approximately $717,218,000. Bank of New York Mellon Corp owned about 1.29% of Ford Motor as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $674,437,000. Marshall Wace LLP grew its holdings in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer's stock valued at $423,847,000 after buying an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC grew its holdings in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer's stock valued at $146,646,000 after buying an additional 9,603,267 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Ford Motor by 458.7% in the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer's stock worth $103,892,000 after acquiring an additional 7,391,361 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Ford Motor by 190.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer's stock worth $131,641,000 after acquiring an additional 7,220,686 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on F. Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and raised their price objective for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Dbs Bank upgraded shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Thursday, June 25th. Royal Bank Of Canada raised their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Finally, UBS Group lifted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.68.

Ford Motor Price Performance

Shares of F opened at $13.97 on Friday. The company has a market cap of $55.71 billion, a P/E ratio of -7.47, a PEG ratio of 0.30 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm's 50 day moving average price is $14.13 and its 200 day moving average price is $13.50.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $48.30 billion for the quarter, compared to analysts' expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. On average, research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor's payout ratio is currently -32.09%.

About Ford Motor

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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