17,697 Shares in Group 1 Automotive, Inc. $GPI Bought by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Group 1 Automotive, Inc. (NYSE:GPI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,697 shares of the company’s stock, valued at approximately $5,134,000. Hsbc Holdings PLC owned approximately 0.15% of Group 1 Automotive at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in shares of Group 1 Automotive in the 4th quarter valued at about $43,000. Johnson Financial Group Inc. bought a new position in Group 1 Automotive during the third quarter worth about $55,000. Aster Capital Management DIFC Ltd bought a new position in Group 1 Automotive during the fourth quarter worth about $57,000. Global Retirement Partners LLC increased its position in Group 1 Automotive by 78.5% during the fourth quarter. Global Retirement Partners LLC now owns 191 shares of the company’s stock worth $75,000 after buying an additional 84 shares during the last quarter. Finally, State of Wyoming increased its position in Group 1 Automotive by 28.2% during the fourth quarter. State of Wyoming now owns 191 shares of the company’s stock worth $75,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

Group 1 Automotive Trading Up 0.6%

Shares of NYSE:GPI opened at $263.66 on Friday. Group 1 Automotive, Inc. has a 12-month low of $249.54 and a 12-month high of $488.39. The business has a 50 day moving average of $292.47 and a 200-day moving average of $315.28. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 1.03. The stock has a market cap of $3.14 billion, a PE ratio of 10.98, a P/E/G ratio of 0.79 and a beta of 0.82.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share for the quarter, missing analysts’ consensus estimates of $10.60 by ($0.99). The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.66 billion. Group 1 Automotive had a return on equity of 15.66% and a net margin of 1.31%.Group 1 Automotive’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $10.82 EPS. As a group, equities research analysts forecast that Group 1 Automotive, Inc. will post 38.96 earnings per share for the current year.

Group 1 Automotive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.8%. Group 1 Automotive’s dividend payout ratio (DPR) is currently 9.16%.

Analyst Upgrades and Downgrades

GPI has been the subject of a number of recent analyst reports. Evercore set a $360.00 price objective on Group 1 Automotive in a research report on Tuesday, August 4th. UBS Group dropped their price target on Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Barclays cut their price target on Group 1 Automotive from $435.00 to $365.00 and set an “overweight” rating for the company in a report on Wednesday, August 19th. JPMorgan Chase & Co. cut shares of Group 1 Automotive from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $380.00 to $320.00 in a research report on Friday, July 31st. Finally, Seaport Research Partners set a $420.00 price objective on shares of Group 1 Automotive in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $392.44.

Group 1 Automotive Profile

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.