Convergence Investment Partners LLC Buys 941 Shares of Ford Motor Company $F

Convergence Investment Partners LLC lifted its stake in shares of Ford Motor Company (NYSE:F) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,707 shares of the auto manufacturer’s stock after purchasing an additional 941 shares during the period. Convergence Investment Partners LLC’s holdings in Ford Motor were worth $149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of F. Spire Wealth Management increased its stake in shares of Ford Motor by 8.4% in the 1st quarter. Spire Wealth Management now owns 20,320 shares of the auto manufacturer’s stock valued at $204,000 after buying an additional 1,576 shares during the period. Aurora Private Wealth Inc. acquired a new stake in Ford Motor in the first quarter worth about $106,000. Bessemer Group Inc. raised its holdings in Ford Motor by 25.3% during the 1st quarter. Bessemer Group Inc. now owns 46,871 shares of the auto manufacturer’s stock worth $471,000 after purchasing an additional 9,457 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Ford Motor by 142.6% during the 1st quarter. Golden State Wealth Management LLC now owns 12,143 shares of the auto manufacturer’s stock valued at $122,000 after purchasing an additional 7,138 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in Ford Motor by 7.8% during the 1st quarter. Perigon Wealth Management LLC now owns 39,090 shares of the auto manufacturer’s stock worth $392,000 after acquiring an additional 2,832 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday. The Goldman Sachs Group raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Piper Sandler increased their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.61.

Ford Motor Stock Performance

Shares of F stock opened at $13.23 on Tuesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The company’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $11.10. The company has a market capitalization of $52.63 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 4.08 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio is currently 51.72%.

About Ford Motor

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.