Dividend Worth Watching: Group 1 Automotive, Inc. (NYSE:GPI) dividends of $0.23 are projected for the near future; this is why.

Dividend Worth Watching: Group 1 Automotive, Inc. (NYSE:GPI) dividends of $0.23 are projected for the near future; this is why.

Group 1 Automotive, Inc. (NYSE:GPI) is expected to pay $0.23 on Dec 15, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Group 1 Automotive, Inc.’s current price of $72.86, the dividend is 0.32%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 10, 2016. The stock increased 0.75% or $0.54 on November 25, hitting $72.86. Group 1 Automotive, Inc. (NYSE:GPI) has risen 24.40% since April 25, 2016 and is uptrending. It has outperformed by 18.38% the S&P500.

Group 1 Automotive, Inc. is an operator in the automotive retail industry. The company has a market cap of $1.57 billion. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It has a 18.7 P/E ratio. It operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil.

Insitutional Activity: The institutional sentiment decreased to 0.68 in 2016 Q2. Its down 0.33, from 1.01 in 2016Q1. The ratio dived, as 26 funds sold all Group 1 Automotive, Inc. shares owned while 57 reduced positions. 33 funds bought stakes while 51 increased positions. They now own 20.27 million shares or 1.91% less from 20.66 million shares in 2016Q1.
Old Mutual Customised Solutions (Proprietary) Limited owns 1,600 shares or 0.02% of their US portfolio. Schwab Charles Investment reported 149,729 shares or 0.01% of all its holdings. Towle holds 2.42% or 265,491 shares in its portfolio. Grantham Mayo Van Otterloo And Comm Ltd Llc accumulated 64,629 shares or 0.01% of the stock. Paloma Ptnrs Mngmt holds 0.01% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI) for 23,989 shares. Moreover, Hodges Cap Management has 1.34% invested in Group 1 Automotive, Inc. (NYSE:GPI) for 557,565 shares. Engineers Gate Manager Limited Partnership, a New York-based fund reported 11,300 shares. Voya Invest Mngmt Ltd Limited Liability Company holds 0% or 9,861 shares in its portfolio. Moon Cap Management Ltd Co holds 0% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI) for 35,728 shares. Highbridge Mgmt Limited Liability Co reported 45,390 shares or 0.04% of all its holdings. Secor Capital Limited Partnership owns 17,992 shares or 0.11% of their US portfolio. Blackrock Investment Management Ltd Liability Corporation reported 93,368 shares or 0.01% of all its holdings. Invesco Ltd last reported 45,230 shares in the company. Gerstein Fisher last reported 0.04% of its portfolio in the stock. Bridgeway Cap Management Inc holds 27,000 shares or 0.02% of its portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 insider purchases, and 7 selling transactions for $4.84 million net activity. Burman Darryl M had sold 3,900 shares worth $264,810 on Tuesday, November 15. 10,000 shares with value of $704,155 were sold by HESTERBERG EARL J on Monday, November 21. Another trade for 5,000 shares valued at $321,550 was made by Rickel John C on Friday, November 11. Pereira Lincoln also sold $2.37 million worth of Group 1 Automotive, Inc. (NYSE:GPI) on Tuesday, November 15. On Tuesday, September 6 DeLongchamps Peter C sold $459,150 worth of the stock or 7,500 shares.

Group 1 Automotive, Inc. (NYSE:GPI) Ratings Coverage

Out of 8 analysts covering Group 1 Automotive (NYSE:GPI), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Group 1 Automotive has been the topic of 9 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, November 22 report. On Tuesday, August 9 the stock rating was initiated by Seaport Global with “Neutral”. The company was maintained on Wednesday, April 13 by Morgan Stanley. As per Friday, February 12, the company rating was downgraded by KeyBanc Capital Markets. On Thursday, September 17 the stock rating was upgraded by Sidoti to “Buy”. Stephens maintained the stock with “Equal-Weight” rating in Wednesday, October 28 report. The stock has “Buy” rating given by Buckingham Research on Wednesday, July 20. The rating was upgraded by Evercore on Wednesday, March 9 to “Hold”.

More notable recent Group 1 Automotive, Inc. (NYSE:GPI) news were published by: Prnewswire.com which released: “Group 1 Automotive Appoints New Director and Expands Board” on November 10, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: McDonald’s, Group 1 Automotive and Sinclair Broadcast Group” published on August 26, 2016, Fool.com published: “Is This as Bad as It Gets for Group 1 Automotive Inc.?” on February 12, 2016. More interesting news about Group 1 Automotive, Inc. (NYSE:GPI) were released by: Prnewswire.com and their article: “Group 1 Automotive Acquires Large U.K. Dealer Group” published on February 04, 2016 as well as Seekingalpha.com‘s news article titled: “Group 1 Automotive Should Be Focusing On Digitization” with publication date: September 27, 2016.

GPI Company Profile

Group 1 Automotive, Inc., incorporated on December 20, 1995, is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. The Firm operates through three divisions: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Firm owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. The Firm owns approximately 150 franchises at over 116 dealership locations and over 28 collision service centers in the United States of America, approximately 25 franchises at over 17 dealership locations and over six collision centers in the United Kingdom, and approximately 20 franchises at over 19 dealership locations and over one collision center in Brazil. The Company’s activities are primarily located in major metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina and Texas in the United States, in approximately 15 towns in the United Kingdom and in key metropolitan markets in the states of Sao Paulo, Parana and Mato Grosso do Sul in Brazil.

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