2 weeks Ago By ABMN Staff
Wells Fargo & Company MN grew its holdings in shares of Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 42,474 shares of the company’s stock after buying an additional 6,312 shares during the quarter. Wells Fargo & Company MN’s holdings in Group 1 Automotive were worth $17,902,000 as of its most recent SEC filing. A number of other hedge funds have also made changes to their positions in the stock.
Avior Wealth Management LLC boosted its stake in Group 1 Automotive by 25.6% during the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company’s stock valued at $64,000 after acquiring an additional 31 shares during the last quarter.
EverSource Wealth Advisors LLC lifted its position in shares of Group 1 Automotive by 13.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company’s stock worth $146,000 after purchasing an additional 41 shares during the last quarter.
HighPoint Advisor Group LLC grew its stake in Group 1 Automotive by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company’s stock worth $647,000 after purchasing an additional 41 shares in the last quarter.
Nomura Asset Management Co. Ltd. increased its holdings in Group 1 Automotive by 20.
0% in the third quarter. Nomura Asset Management Co. Ltd.
now owns 264 shares of the company’s stock valued at $101,000 after buying an additional 44 shares during the last quarter. Finally, Savant Capital LLC raised its stake in Group 1 Automotive by 8.2% during the fourth quarter.
Savant Capital LLC now owns 622 shares of the company’s stock valued at $262,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.
Group 1 Automotive Trading Up 1.1 % NYSE:GPI opened at $403.71 on Monday.
The firm has a market capitalization of $5.35 billion, a P/E ratio of 10.99 and a beta of 1.
05. The business has a 50 day simple moving average of $428.24 and a 200 day simple moving average of $414.
92. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.
03 and a quick ratio of 0.24. Group 1 Automotive, Inc.
has a 12-month low of $262.31 and a 12-month high of $490.09.
Group 1 Automotive Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.50 dividend.
The ex-dividend date was Monday, March 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.
50%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.47.
Group 1 Automotive’s dividend payout ratio (DPR) is presently 5.44%. Wall Street Analyst Weigh In A number of brokerages have recently weighed in on GPI.
JPMorgan Chase & Co. lowered their price target on Group 1 Automotive from $495.00 to $435.
00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Stephens reiterated an “equal weight” rating and set a $460.00 target price on shares of Group 1 Automotive in a research note on Thursday, January 30th.
Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $450.
33. Get Our Latest Research Report on Group 1 Automotive Group 1 Automotive Company Profile ( Free Report ) Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.
Further Reading Want to see what other hedge funds are holding GPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Group 1 Automotive, Inc. ( NYSE:GPI – Free Report ).
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