Penske Automotive Group, Inc. (PAG) Shares Bought by Keybank National Association OH

Keybank National Association OH grew its stake in Penske Automotive Group, Inc. (NYSE:PAG) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,775 shares of the company’s stock after purchasing an additional 4,650 shares during the quarter. Keybank National Association OH’s holdings in Penske Automotive Group were worth $1,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PAG. Victory Capital Management Inc. raised its position in shares of Penske Automotive Group by 18.9% in the third quarter. Victory Capital Management Inc. now owns 2,605,712 shares of the company’s stock valued at $123,485,000 after purchasing an additional 413,929 shares during the period. JPMorgan Chase & Co. raised its position in shares of Penske Automotive Group by 381.3% in the third quarter. JPMorgan Chase & Co. now owns 257,957 shares of the company’s stock valued at $12,224,000 after purchasing an additional 204,359 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Penske Automotive Group by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,225,421 shares of the company’s stock valued at $151,115,000 after purchasing an additional 141,161 shares during the period. Strs Ohio bought a new position in shares of Penske Automotive Group in the second quarter valued at about $5,117,000. Finally, Royce & Associates LP bought a new position in shares of Penske Automotive Group in the second quarter valued at about $4,666,000. 43.38% of the stock is currently owned by institutional investors.

PAG has been the topic of several research analyst reports. ValuEngine lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Zacks Investment Research lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Guggenheim lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Friday, September 21st. SunTrust Banks initiated coverage on shares of Penske Automotive Group in a research report on Friday, August 24th. They set a “buy” rating and a $60.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Penske Automotive Group from $61.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Penske Automotive Group has a consensus rating of “Hold” and a consensus target price of $57.80.

NYSE:PAG opened at $44.17 on Friday. Penske Automotive Group, Inc. has a 52 week low of $41.74 and a 52 week high of $54.83. The stock has a market cap of $3.67 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.22 and a current ratio of 1.01.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Thursday, October 25th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.04. Penske Automotive Group had a net margin of 3.09% and a return on equity of 17.76%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.86 billion. Equities research analysts anticipate that Penske Automotive Group, Inc. will post 5.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.35%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, November 8th. Penske Automotive Group’s dividend payout ratio (DPR) is currently 34.34%.

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Penske Automotive Group Profile

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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Institutional Ownership by Quarter for Penske Automotive Group (NYSE:PAG)

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