Patriot Financial Group Insurance Agency LLC Has $2.61 Million Holdings in Ford Motor Company $F

Patriot Financial Group Insurance Agency LLC increased its position in shares of Ford Motor Company (NYSE:F) by 132.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 225,876 shares of the auto manufacturer’s stock after buying an additional 128,730 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Ford Motor were worth $2,607,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Ford Motor in the fourth quarter worth approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Ford Motor during the 4th quarter worth approximately $1,769,000. TD Asset Management Inc boosted its holdings in shares of Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after buying an additional 189,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after buying an additional 103,423 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Ford Motor by 91.6% during the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after buying an additional 85,848 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on F. UBS Group lifted their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citigroup increased their target price on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Wells Fargo & Company raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $14.70.

Ford Motor Trading Down 0.1%

Shares of Ford Motor stock opened at $14.11 on Monday. The stock has a market capitalization of $56.22 billion, a PE ratio of -9.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. Ford Motor Company has a 52 week low of $10.68 and a 52 week high of $17.78. The stock has a 50 day moving average price of $13.88 and a two-hundred day moving average price of $13.36. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

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.