RiverFront Investment Group LLC Raises Stock Holdings in Ford Motor (NYSE:F)

RiverFront Investment Group LLC boosted its holdings in shares of Ford Motor (NYSE:F) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,023 shares of the auto manufacturer’s stock after purchasing an additional 2,116 shares during the quarter. RiverFront Investment Group LLC’s holdings in Ford Motor were worth $218,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Ford Motor during the third quarter worth about $96,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ford Motor during the third quarter valued at approximately $186,000. Cerity Partners LLC lifted its holdings in Ford Motor by 10.8% during the 3rd quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after buying an additional 31,707 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Ford Motor by 8.9% in the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer’s stock worth $994,000 after acquiring an additional 7,650 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its holdings in shares of Ford Motor by 8.6% in the 3rd quarter. Freedom Investment Management Inc. now owns 14,447 shares of the auto manufacturer’s stock valued at $153,000 after acquiring an additional 1,142 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Down 1.8 %

Ford Motor stock opened at $9.73 on Friday. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59. The company’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $10.28. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on F shares. TD Cowen initiated coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Piper Sandler reduced their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.37.

Ford Motor Company 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.