Asbury Automotive Group, Inc. (NYSE:ABG) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Asbury Automotive Group, Inc. (NYSE:ABG - Free Report) by 57.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,708 shares of the company's stock after purchasing an additional 6,842 shares during the period. Deutsche Bank AG owned about 0.10% of Asbury Automotive Group worth $4,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. CIBC Private Wealth Group LLC increased its stake in shares of Asbury Automotive Group by 9.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company's stock worth $117,000 after purchasing an additional 41 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Asbury Automotive Group by 2.0% during the fourth quarter. Bank of Montreal Can now owns 2,502 shares of the company's stock worth $608,000 after purchasing an additional 48 shares in the last quarter. Mariner LLC increased its stake in shares of Asbury Automotive Group by 3.7% during the fourth quarter. Mariner LLC now owns 1,856 shares of the company's stock worth $451,000 after purchasing an additional 67 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Asbury Automotive Group by 4.5% during the fourth quarter. HighTower Advisors LLC now owns 1,798 shares of the company's stock worth $437,000 after purchasing an additional 78 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Asbury Automotive Group by 2.3% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,023 shares of the company's stock worth $978,000 after purchasing an additional 92 shares in the last quarter.

Asbury Automotive Group Trading Down 0.6%

Shares of Asbury Automotive Group stock traded down $1.35 during mid-day trading on Friday, hitting $225.27. The stock had a trading volume of 137,740 shares, compared to its average volume of 202,318. The firm has a 50-day moving average of $225.22 and a two-hundred day moving average of $248.75. Asbury Automotive Group, Inc. has a 12-month low of $201.68 and a 12-month high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.43 billion, a P/E ratio of 10.47 and a beta of 0.98.

Asbury Automotive Group (NYSE:ABG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $6.82 earnings per share for the quarter, missing the consensus estimate of $6.84 by ($0.02). Asbury Automotive Group had a net margin of 2.50% and a return on equity of 16.29%. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the company earned $7.21 EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Sell-side analysts forecast that Asbury Automotive Group, Inc. will post 26.28 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ABG. Craig Hallum cut shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Citigroup began coverage on shares of Asbury Automotive Group in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $236.00 price objective for the company. Wall Street Zen raised shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Stephens upped their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $258.50.

About Asbury Automotive Group

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.