Stifel Financial Corp cut its stake in Ford Motor (NYSE:F) by 9.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,011,427 shares of the auto manufacturer’s stock after selling 107,681 shares during the quarter. Stifel Financial Corp’s holdings in Ford Motor were worth $12,077,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pinebridge Investments L.P. bought a new position in shares of Ford Motor in the third quarter worth approximately $154,000. San Francisco Sentry Investment Group CA boosted its position in shares of Ford Motor by 1,993.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 18,025 shares of the auto manufacturer’s stock worth $216,000 after purchasing an additional 17,164 shares during the period. Tredje AP fonden boosted its position in shares of Ford Motor by 21.9% in the third quarter. Tredje AP fonden now owns 424,027 shares of the auto manufacturer’s stock worth $5,076,000 after purchasing an additional 76,252 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Ford Motor by 3.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 669,532 shares of the auto manufacturer’s stock worth $8,014,000 after buying an additional 23,000 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Ford Motor by 10.2% in the third quarter. KBC Group NV now owns 1,821,166 shares of the auto manufacturer’s stock worth $21,799,000 after buying an additional 168,659 shares in the last quarter. Institutional investors own 53.61% of the company’s stock.
A number of research firms recently issued reports on F. Zacks Investment Research downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Group reaffirmed a “hold” rating and set a $12.00 price target on shares of Ford Motor in a research note on Sunday, September 10th. FIG Partners reissued a “hold” rating on shares of Ford Motor in a research note on Monday, October 9th. Piper Jaffray Companies set a $14.00 target price on shares of Ford Motor and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Ford Motor in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.56.
In other news, insider Steven R. Armstrong sold 22,076 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Insiders sold a total of 51,828 shares of company stock valued at $643,045 over the last ninety days. 1.08% of the stock is currently owned by insiders.
Ford Motor (F) traded up $0.17 during trading hours on Tuesday, hitting $12.66. 19,363,600 shares of the stock were exchanged, compared to its average volume of 31,300,000. The company has a market cap of $50,290.00, a PE ratio of 11.51, a P/E/G ratio of 0.65 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. Ford Motor has a twelve month low of $10.47 and a twelve month high of $13.27.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. Ford Motor’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.
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Ford Motor Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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