Bleakley Financial Group LLC Purchases 10,280 Shares of Ford Motor Company $F

Bleakley Financial Group LLC grew its position in shares of Ford Motor Company (NYSE:F) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,555 shares of the auto manufacturer’s stock after buying an additional 10,280 shares during the quarter. Bleakley Financial Group LLC’s holdings in Ford Motor were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Spire Wealth Management grew its stake in Ford Motor by 8.4% in the 1st quarter. Spire Wealth Management now owns 20,320 shares of the auto manufacturer’s stock valued at $204,000 after purchasing an additional 1,576 shares during the period. Aurora Private Wealth Inc. purchased a new position in shares of Ford Motor in the 1st quarter worth about $106,000. Bessemer Group Inc. grew its position in Ford Motor by 25.3% during the first quarter. Bessemer Group Inc. now owns 46,871 shares of the auto manufacturer’s stock valued at $471,000 after buying an additional 9,457 shares during the period. Golden State Wealth Management LLC increased its holdings in Ford Motor by 142.6% during the first quarter. Golden State Wealth Management LLC now owns 12,143 shares of the auto manufacturer’s stock worth $122,000 after buying an additional 7,138 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in Ford Motor by 7.8% in the first quarter. Perigon Wealth Management LLC now owns 39,090 shares of the auto manufacturer’s stock worth $392,000 after acquiring an additional 2,832 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE:F opened at $13.82 on Friday. The stock has a market cap of $54.99 billion, a P/E ratio of 11.91, a PEG ratio of 4.06 and a beta of 1.53. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The business’s 50-day moving average price is $11.85 and its two-hundred day moving average price is $11.07. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $13.97.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 12.11%. The firm had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter last year, the company posted $0.49 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Royal Bank Of Canada increased their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $9.00 to $12.00 in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Piper Sandler increased their target price on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.36.

About Ford Motor

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.