Assenagon Asset Management S.A. Sells 3,906,688 Shares of Ford Motor (NYSE:F)

Assenagon Asset Management S.A. reduced its stake in Ford Motor (NYSE:F) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,978,701 shares of the auto manufacturer’s stock after selling 3,906,688 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ford Motor were worth $49,289,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Meridian Financial Partners LLC boosted its position in shares of Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares during the period. Apollon Wealth Management LLC boosted its holdings in Ford Motor by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after purchasing an additional 969 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Ford Motor by 3.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after purchasing an additional 982 shares in the last quarter. Pure Financial Advisors LLC increased its holdings in shares of Ford Motor by 6.6% during the third quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after purchasing an additional 990 shares during the period. Finally, PBMares Wealth Management LLC raised its position in shares of Ford Motor by 9.0% in the third quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after buying an additional 991 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.96 on Thursday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a market cap of $39.58 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.89 and a beta of 1.64. The firm has a 50 day simple moving average of $10.44 and a 200 day simple moving average of $10.97.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Research analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

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.