Autohome Inc. (NYSE:ATHM) Declares Dividend Increase – $0.58 Per Share

Autohome Inc. (NYSE:ATHM – Get Rating) announced an annual dividend on Thursday, February 16th, Zacks reports. Shareholders of record on Tuesday, March 21st will be given a dividend of 0.58 per share by the information services provider on Tuesday, April 11th. This represents a dividend yield of 1.62%. The ex-dividend date is Monday, March 20th. This is an increase from Autohome’s previous annual dividend of $0.53.

Autohome Price Performance

Autohome stock opened at $29.85 on Friday. Autohome has a 12-month low of $23.66 and a 12-month high of $40.89. The stock has a market capitalization of $3.75 billion, a P/E ratio of 14.08 and a beta of 0.18. The firm’s 50-day moving average is $34.06 and its two-hundred day moving average is $31.86.

Autohome (NYSE:ATHM – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The information services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.11. Autohome had a net margin of 25.92% and a return on equity of 8.70%. The company had revenue of $274.50 million for the quarter, compared to analysts’ expectations of $266.10 million. As a group, analysts forecast that Autohome will post 2.46 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Autohome during the fourth quarter valued at approximately $22,960,000. Marshall Wace LLP acquired a new position in Autohome during the fourth quarter valued at approximately $16,876,000. Lazard Asset Management LLC lifted its position in Autohome by 12.7% during the fourth quarter. Lazard Asset Management LLC now owns 2,921,751 shares of the information services provider’s stock valued at $89,405,000 after buying an additional 330,258 shares in the last quarter. Two Sigma Investments LP lifted its position in Autohome by 1,026.5% during the fourth quarter. Two Sigma Investments LP now owns 296,587 shares of the information services provider’s stock valued at $9,076,000 after buying an additional 270,259 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Autohome by 99.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,811 shares of the information services provider’s stock valued at $15,508,000 after buying an additional 252,977 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATHM has been the topic of several recent analyst reports. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Autohome in a report on Monday, January 30th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.50.

About Autohome

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Autohome, Inc is a holding company, which engages in the development, operation, and maintenance of mobile applications and automobile websites. It offers used vehicles and new car dealer listings. The firm provides professionally produced and user-generated content, a comprehensive automobile library and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle.