Sheaff Brock Investment Advisors LLC Has $7.49 Million Position in Penske Automotive Group, Inc. (NYSE:PAG)

Sheaff Brock Investment Advisors LLC trimmed its stake in shares of Penske Automotive Group, Inc. (NYSE:PAG) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,159 shares of the company’s stock after selling 257 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Penske Automotive Group were worth $7,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAG. GAMMA Investing LLC increased its holdings in shares of Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC increased its holdings in Penske Automotive Group by 14,833.3% in the 3rd quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after purchasing an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. raised its position in Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after purchasing an additional 453 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Penske Automotive Group in the third quarter valued at about $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Penske Automotive Group during the third quarter valued at about $112,000. Institutional investors own 77.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark assumed coverage on Penske Automotive Group in a research note on Thursday, December 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.25.

Penske Automotive Group Stock Down 1.0 %

Shares of PAG opened at $174.17 on Friday. The stock’s 50-day moving average price is $160.49 and its two-hundred day moving average price is $160.41. Penske Automotive Group, Inc. has a 12 month low of $142.32 and a 12 month high of $180.12. The company has a market capitalization of $11.63 billion, a PE ratio of 13.35 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $3.54 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.17. The company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.56 billion. Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. On average, analysts anticipate that Penske Automotive Group, Inc. will post 13.51 EPS for the current year.

Penske Automotive Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, February 24th will be given a dividend of $1.22 per share. The ex-dividend date is Monday, February 24th. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.19. This represents a $4.88 annualized dividend and a dividend yield of 2.80%. Penske Automotive Group’s dividend payout ratio is 36.48%.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.