BNP Paribas Financial Markets has substantially increased its holdings in Group 1 Automotive, Inc. in the first quarter, as reported by Holdings Channel. This action has garnered widespread attention from investors, as the institutional investor acquired an additional 2,927 shares, thus increasing their total ownership to 22,236 shares valued at $6,498,000 at the conclusion of the first quarter.
This upsurge in holdings is just one among various alterations made by institutional investors in Group 1 Automotive. Benjamin Edwards Inc., Raymond James & Associates, Measured Wealth Private Client Group LLC, Allspring Global Investments Holdings LLC, and Hennessy Advisors Inc. have all made adjustments to their holdings, further underscoring a growing interest in the company.
Despite these investments, the stock of Group 1 Automotive experienced a marginal 0.0% decrease, commencing at $280.83 on Thursday. The company, with a market capitalization of $3.80 billion, has a 52-week low of $228.84 and a 52-week high of $323.95.
Furthermore, Group 1 Automotive recently disclosed a quarterly dividend, which was disbursed on Monday, June 17th. The ex-dividend date was Monday, June 3rd, with shareholders receiving a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.67%.
Analysts have also articulated their opinions on Group 1 Automotive, presenting differing target prices and ratings. JPMorgan Chase & Co. and Guggenheim are among the firms that have yielded insights into the company’s performance.
Moreover, there have been substantial insider transactions within Group 1 Automotive. VP Michael David Jones and VP Edward Mckissic have recently divested shares of the company’s stock, signifying activity within the company’s leadership.
Group 1 Automotive, Inc. is a prominent participant in the automotive retail industry, operating in both the United States and the United Kingdom. Their business encompasses the sale of new and used cars, vehicle parts, financing, as well as maintenance and repair services.
For investors or individuals with an interest in the financial market, being apprised of these developments can offer valuable insights into the performance and potential of Group 1 Automotive. The participation of institutional investors, analyst ratings, and insider transactions all contribute to the general understanding of the company’s position in the market.
For more comprehensive information on the latest 13F filings and insider trades for Group 1 Automotive, Inc., interested parties can visit HoldingsChannel.com to stay abreast of the company’s activities and performance. Additionally, individuals can subscribe to MarketBeat.com’s daily email newsletter to receive a succinct summary of the latest news and analysts’ ratings for Group 1 Automotive and related companies.
The recent developments and changes within Group 1 Automotive, Inc. provide an opening for investors and industry observers to delve deeper into the company’s position and future prospects, making it a noteworthy entity to monitor in the financial market.