LPL Financial LLC boosted its stake in shares of Group 1 Automotive, Inc. (NYSE:GPI - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,255 shares of the company's stock after purchasing an additional 2,601 shares during the quarter. LPL Financial LLC owned about 0.08% of Group 1 Automotive worth $4,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of Group 1 Automotive by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 156,627 shares of the company's stock valued at $55,701,000 after buying an additional 3,507 shares in the last quarter. Boston Partners lifted its position in Group 1 Automotive by 3.3% during the fourth quarter. Boston Partners now owns 74,844 shares of the company's stock valued at $31,653,000 after acquiring an additional 2,405 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Group 1 Automotive by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,923 shares of the company's stock valued at $65,297,000 after acquiring an additional 2,000 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in Group 1 Automotive in the fourth quarter worth $295,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Group 1 Automotive during the fourth quarter worth $21,608,000. Hedge funds and other institutional investors own 99.92% of the company's stock.
Group 1 Automotive Stock Performance
Shares of Group 1 Automotive stock traded up $0.59 on Tuesday, reaching $399.27. 14,380 shares of the stock were exchanged, compared to its average volume of 170,190. The business has a 50 day moving average price of $426.76 and a two-hundred day moving average price of $415.00. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 10.86 and a beta of 1.05. Group 1 Automotive, Inc. has a twelve month low of $262.31 and a twelve month high of $490.09. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of 0.92.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, beating the consensus estimate of $8.77 by $1.25. Group 1 Automotive had a net margin of 2.47% and a return on equity of 18.09%. Analysts anticipate that Group 1 Automotive, Inc. will post 41 earnings per share for the current fiscal year.
Group 1 Automotive Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, March 3rd. This is a boost from Group 1 Automotive's previous quarterly dividend of $0.47. Group 1 Automotive's payout ratio is 5.44%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on GPI. JPMorgan Chase & Co. dropped their target price on Group 1 Automotive from $495.00 to $435.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Stephens restated an "equal weight" rating and set a $460.00 price target on shares of Group 1 Automotive in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Group 1 Automotive presently has a consensus rating of "Moderate Buy" and an average target price of $450.33.
View Our Latest Report on GPI
Group 1 Automotive Company Profile
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Free Report)
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.
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