ING Groep NV Sells 656,639 Shares of Ford Motor (F)
ING Groep NV decreased its position in shares of Ford Motor (NYSE:F) by 68.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 306,524 shares of the auto manufacturer’s stock after selling 656,639 shares during the quarter. ING Groep NV’s holdings in Ford Motor were worth $3,828,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Novare Capital Management LLC bought a new stake in Ford Motor during the fourth quarter valued at about $154,000. Quattro Financial Advisors LLC bought a new stake in Ford Motor during the fourth quarter valued at about $511,000. Wellington Shields & Co. LLC bought a new stake in Ford Motor during the fourth quarter valued at about $143,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Ford Motor by 1.0% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 565,119 shares of the auto manufacturer’s stock valued at $7,211,000 after purchasing an additional 5,379 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new stake in Ford Motor during the fourth quarter valued at about $148,000. 54.10% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor (F) opened at $10.53 on Friday. Ford Motor has a 12 month low of $10.19 and a 12 month high of $13.48. The stock has a market capitalization of $42,230.00, a PE ratio of 5.54, a PEG ratio of 0.63 and a beta of 1.14. The company has a quick ratio of 1.12, a current ratio of 1.23 and a debt-to-equity ratio of 2.94.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Monday, January 29th. Ford Motor’s payout ratio is 31.58%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, October 31st. Citigroup increased their price target on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Nomura decreased their price target on Ford Motor to $11.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.00 price target for the company. in a research note on Monday, January 29th. Finally, Jefferies Group increased their price target on Ford Motor from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. Ford Motor has an average rating of “Hold” and a consensus target price of $12.54.
In other news, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total value of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total value of $234,000.00. Following the transaction, the insider now owns 14,358 shares of the company’s stock, valued at $186,654. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,752 shares of company stock valued at $603,965. Company insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.