Peapack Gladstone Financial Corp Cuts Stake in Ford Motor (NYSE:F)

Peapack Gladstone Financial Corp cut its stake in Ford Motor (NYSE:F) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,714 shares of the auto manufacturer’s stock after selling 5,243 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Ford Motor were worth $2,817,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter worth approximately $55,456,000. ING Groep NV lifted its holdings in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after purchasing an additional 570,293 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Ford Motor during the 3rd quarter worth $545,000. Quantbot Technologies LP grew its holdings in shares of Ford Motor by 1,157.9% during the third quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock worth $1,911,000 after buying an additional 166,617 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Ford Motor by 20.8% in the third quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after buying an additional 15,729 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent research reports. Wells Fargo & Company cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Finally, Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three 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 data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $12.09.

Ford Motor Price Performance

Ford Motor stock opened at $10.39 on Friday. The company’s 50 day simple moving average is $10.85 and its 200-day simple moving average is $11.31. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a market capitalization of $41.29 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.77%. 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.