OVERSEA CHINESE BANKING Corp Ltd Invests $159,000 in Ford Motor (NYSE:F)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Ford Motor (NYSE:F) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,879 shares of the auto manufacturer’s stock, valued at approximately $159,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Ford Motor by 456.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after purchasing an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC lifted its stake in Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after acquiring an additional 2,497,695 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Ford Motor by 1,215.6% during the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after purchasing an additional 2,488,850 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Wells Fargo & Company cut their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Down 0.3 %

F stock opened at $11.07 on Friday. The firm has a fifty day moving average price of $10.77 and a 200 day moving average price of $11.52. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The firm has a market cap of $44.00 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.