Dividend Watching: Penske Automotive Group, Inc. (NYSE:PAG) will be paying shareholders dividends of $0.29 on Dec 1, 2016.

Dividend Watching: Penske Automotive Group, Inc. (NYSE:PAG) will be paying shareholders dividends of $0.29 on Dec 1, 2016.

Penske Automotive Group, Inc. (NYSE:PAG) is expected to pay $0.29 on Dec 1, 2016. The indicated annual dividend is $1.16. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Penske Automotive Group, Inc.’s current price of $43.27, the dividend is 0.67%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 19, 2016. The stock decreased 0.16% or $0.07 on November 4, hitting $43.27. Penske Automotive Group, Inc. (NYSE:PAG) has risen 21.27% since April 5, 2016 and is uptrending. It has outperformed by 19.32% the S&P500.

Penske Automotive Group, Inc. is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The company has a market cap of $3.62 billion. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. It has a 11.22 P/E ratio. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include its retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.55, from 0.6 in 2016Q1. The ratio is positive, as 26 funds sold all Penske Automotive Group, Inc. shares owned while 63 reduced positions. 34 funds bought stakes while 68 increased positions. They now own 33.69 million shares or 0.84% less from 33.98 million shares in 2016Q1.
Moreover, Pacad Investment has 0.03% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 8,000 shares. Wasatch Advsrs owns 78,389 shares or 0.04% of their US portfolio. Stoneridge Inv Partners Ltd Liability Corporation, a Pennsylvania-based fund reported 34,309 shares. Convergence Investment Prtnrs Lc last reported 85,671 shares in the company. Capstone Investment Advsrs Ltd holds 0.01% or 9,000 shares in its portfolio. Creative Planning has invested 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Highbridge Capital Mgmt Ltd Liability accumulated 24,919 shares or 0.01% of the stock. The Illinois-based Guggenheim Limited Co has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). Bartlett And Co Ltd Limited Liability Company accumulated 0% or 700 shares. Burgundy Asset Mgmt Ltd reported 2.59 million shares or 0.81% of all its holdings. West Oak Capital Ltd Llc accumulated 53 shares or 0% of the stock. The New York-based Goldman Sachs Incorporated has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). Stifel Financial reported 121,079 shares or 0.02% of all its holdings. Aperio Group Limited Co has 6,871 shares for 0% of their US portfolio. Blackrock Fund Advsrs accumulated 0% or 368,974 shares.

Insider Transactions: Since July 29, 2016, the stock had 18 buys, and 1 insider sale for $226.27 million net activity. Another trade for 300,000 shares valued at $12.77M was bought by PENSKE ROGER S. Shares for $236,719 were sold by Spradlin Shane M. on Monday, September 12. $8.49M worth of Penske Automotive Group, Inc. (NYSE:PAG) was bought by PENSKE CORP.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Out of 4 analysts covering Penske Automotive Group (NYSE:PAG), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Penske Automotive Group has been the topic of 5 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Sell” rating by Evercore on Thursday, October 13. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Sector Perform” rating given on Tuesday, June 28 by KeyBanc Capital Markets. The stock has “Neutral” rating given by Seaport Global on Tuesday, August 9. The firm has “Hold” rating by Gabelli given on Thursday, September 15.

More news for Penske Automotive Group, Inc. (NYSE:PAG) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: J.M. Smucker, Dana and Penske Automotive Group” on November 04, 2016. Foxbusiness.com‘s article titled: “Foreign Exchange Headwinds Blunt Growth at Penske Automotive Group, Inc.” and published on October 27, 2016 is yet another important article.

PAG Company Profile

Penske Automotive Group, Inc., incorporated on December 6, 1990, is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include the Company’s retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.

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