Assenagon Asset Management S.A. Increases Stake in Ford Motor (NYSE:F)

Assenagon Asset Management S.A. boosted its position in shares of Ford Motor (NYSE:F) by 14,373.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,885,389 shares of the auto manufacturer’s stock after purchasing an additional 8,824,000 shares during the quarter. Assenagon Asset Management S.A. owned about 0.22% of Ford Motor worth $93,830,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Ford Motor by 27.4% during the 2nd 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 during the period. Legal & General Group Plc lifted its stake in Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after acquiring an additional 318,715 shares during the period. LSV Asset Management lifted its stake in Ford Motor by 1.6% during the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after acquiring an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after acquiring an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Ford Motor by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock valued at $124,511,000 after acquiring an additional 51,035 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F traded up $0.08 during trading on Thursday, reaching $11.14. 22,805,791 shares of the company traded hands, compared to its average volume of 52,971,445. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $11.72. The company has a market cap of $44.47 billion, a P/E ratio of 11.53, a PEG ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same period last year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

F has been the topic of several recent research reports. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays lowered their price objective on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lowered their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $12.56.

Ford Motor 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.