Deutsche Bank AG Makes New $14.16 Million Investment in Group 1 Automotive, Inc. $GPI

Key Points

• Deutsche Bank acquired 48,643 shares of Group 1 Automotive worth approximately $14.16 million, representing about 0.41% of the company. Institutional investors and hedge funds collectively own 99.92% of the stock.
• Group 1 Automotive reported quarterly revenue of $5.39 billion and earnings per share of $9.61, both below analyst expectations; revenue declined 5.6% year over year.
• The company declared a quarterly dividend of $0.55 per share, or $2.20 annualized, yielding approximately 0.8%. Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $392.44.

Deutsche Bank AG bought a new stake in Group 1 Automotive, Inc. (NYSE:GPI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,643 shares of the company's stock, valued at approximately $14,163,000. Deutsche Bank AG owned approximately 0.41% of Group 1 Automotive as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in Group 1 Automotive by 366,770.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 25,431,464 shares of the company's stock valued at $10,002,195,000 after acquiring an additional 25,424,532 shares in the last quarter. Norges Bank purchased a new position in shares of Group 1 Automotive in the fourth quarter valued at $98,125,000. Bank of New York Mellon Corp acquired a new stake in Group 1 Automotive during the 2nd quarter valued at $27,000,000. Franklin Resources Inc. increased its stake in Group 1 Automotive by 968.8% during the 3rd quarter. Franklin Resources Inc. now owns 84,412 shares of the company's stock worth $36,931,000 after buying an additional 76,514 shares during the period. Finally, Man Group plc purchased a new stake in Group 1 Automotive during the 2nd quarter worth $17,959,000. 99.92% of the stock is owned by institutional investors and hedge funds.

Group 1 Automotive Stock Performance

Group 1 Automotive stock opened at $261.98 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.02 and a quick ratio of 0.25. Group 1 Automotive, Inc. has a 12 month low of $249.54 and a 12 month high of $488.39. The company has a fifty day moving average price of $297.87 and a two-hundred day moving average price of $318.30. The company has a market cap of $3.12 billion, a PE ratio of 10.91, a P/E/G ratio of 0.79 and a beta of 0.82.

Group 1 Automotive (NYSE:GPI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing analysts' consensus estimates of $10.60 by ($0.99). Group 1 Automotive had a return on equity of 15.66% and a net margin of 1.31%.The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same period last year, the company posted $10.82 earnings per share. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. Research analysts expect that Group 1 Automotive, Inc. will post 38.96 earnings per share for the current year.

Group 1 Automotive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st. Group 1 Automotive's dividend payout ratio is currently 9.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GPI. JPMorgan Chase & Co. cut shares of Group 1 Automotive from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $380.00 to $320.00 in a research report on Friday, July 31st. Weiss Ratings lowered Group 1 Automotive from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. DA Davidson set a $425.00 price target on Group 1 Automotive in a research note on Friday, July 10th. Citigroup boosted their price target on Group 1 Automotive from $420.00 to $462.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Finally, Evercore set a $360.00 price target on Group 1 Automotive in a report on Tuesday, August 4th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $392.44.

Group 1 Automotive Profile

Group 1 Automotive, Inc NYSE: GPI is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.

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