Brevan Howard Capital Management LP lifted its stake in Ford Motor Company (NYSE:F – Free Report) by 284.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 343,761 shares of the auto manufacturer’s stock after buying an additional 254,235 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Ford Motor were worth $4,111,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after purchasing an additional 776 shares during the period. Capital Investment Advisors LLC grew its position in Ford Motor by 1.3% during the third quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after buying an additional 824 shares during the period. Silverlake Wealth Management LLC increased its holdings in Ford Motor by 1.7% in the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock valued at $575,000 after buying an additional 827 shares in the last quarter. Searle & CO. raised its position in shares of Ford Motor by 2.1% in the third quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock worth $488,000 after acquiring an additional 833 shares during the period. Finally, Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.48% of the company’s stock.
Ford Motor Stock Down 3.1%
Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The company had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, February 13th. Ford Motor’s dividend payout ratio is currently -29.13%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and raised their target price for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. Morgan Stanley raised their price objective on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. HSBC boosted their price objective on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a research report on Tuesday, January 13th. UBS Group increased their target price on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $13.29.
Ford Motor Company Profile
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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