Convergence Investment Partners LLC Sells 81,441 Shares of Ford Motor (NYSE:F)

Convergence Investment Partners LLC lowered its stake in Ford Motor (NYSE:F) by 86.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,713 shares of the auto manufacturer’s stock after selling 81,441 shares during the quarter. Convergence Investment Partners LLC’s holdings in Ford Motor were worth $126,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after buying an additional 336,720 shares during the period. Principal Financial Group Inc. raised its stake in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Ford Motor in the third quarter worth about $55,456,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Ford Motor in the fourth quarter worth about $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Ford Motor by 12.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock worth $4,511,000 after buying an additional 49,844 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on F. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Evercore ISI cut their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Stock Performance

NYSE F opened at $9.35 on Thursday. The company has a market cap of $37.04 billion, a P/E ratio of 6.40, a P/E/G ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business’s 50 day moving average price is $9.85 and its 200-day moving average price is $10.44. Ford Motor has a fifty-two week low of $9.10 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

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.