BNP Paribas Financial Markets Has $62,000 Stock Position in Magna International Inc. (NYSE:MGA)

BNP Paribas Financial Markets lessened its holdings in shares of Magna International Inc. (NYSE:MGA - Free Report) TSE: MG by 98.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,489 shares of the company's stock after selling 82,905 shares during the period. BNP Paribas Financial Markets' holdings in Magna International were worth $62,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new position in shares of Magna International in the 4th quarter valued at $33,000. Lindbrook Capital LLC grew its holdings in shares of Magna International by 43.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,036 shares of the company's stock valued at $43,000 after buying an additional 312 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Magna International by 290.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,501 shares of the company's stock valued at $141,000 after buying an additional 2,605 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Magna International in the 4th quarter valued at $213,000. Finally, Entropy Technologies LP acquired a new position in shares of Magna International in the 4th quarter valued at $256,000. Institutional investors and hedge funds own 67.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MGA. The Goldman Sachs Group decreased their price target on shares of Magna International from $38.00 to $31.00 and set a "sell" rating for the company in a report on Thursday, April 10th. TD Securities boosted their price target on shares of Magna International from $44.00 to $45.00 and gave the company a "buy" rating in a report on Monday, May 5th. Morgan Stanley cut their price objective on shares of Magna International from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Evercore ISI cut their price objective on shares of Magna International from $50.00 to $45.00 and set an "in-line" rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on shares of Magna International from $47.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.56.

Magna International Stock Down 0.3%

NYSE:MGA traded down $0.10 on Wednesday, hitting $36.25. 909,267 shares of the company's stock were exchanged, compared to its average volume of 1,729,179. The firm has a 50-day moving average price of $34.26 and a 200-day moving average price of $38.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 0.77. Magna International Inc. has a 52 week low of $30.39 and a 52 week high of $47.22. The company has a market cap of $10.21 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.63 and a beta of 1.52.

Magna International (NYSE:MGA - Get Free Report) TSE: MG last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). Magna International had a return on equity of 12.78% and a net margin of 2.36%. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period last year, the firm earned $1.08 earnings per share. The company's quarterly revenue was down 8.2% compared to the same quarter last year. As a group, analysts expect that Magna International Inc. will post 5.87 EPS for the current fiscal year.

Magna International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.485 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.35%. Magna International's payout ratio is 48.50%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.