Keynote Financial Services LLC Purchases New Shares in Ford Motor (NYSE:F)

Keynote Financial Services LLC acquired a new stake in shares of Ford Motor (NYSE:F) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 62,926 shares of the auto manufacturer’s stock, valued at approximately $836,000.

A number of other large investors have also added to or reduced their stakes in F. Fortis Group Advisors LLC raised its stake in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Ford Motor in the fourth quarter worth $27,000. Financial Synergies Wealth Advisors Inc. raised its stake in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Fairman Group LLC purchased a new position in shares of Ford Motor in the fourth quarter worth $31,000. Finally, Able Wealth Management LLC purchased a new position in shares of Ford Motor in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.75.

Ford Motor Trading Down 6.2 %

Shares of NYSE:F traded down $0.66 during trading on Friday, hitting $10.03. The company had a trading volume of 110,703,005 shares, compared to its average volume of 73,132,552. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. Ford Motor has a one year low of $9.63 and a one year high of $14.85. The company has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $12.38. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Ford Motor’s revenue was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.