Old Mutual Global Investors UK Ltd. bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,500 shares of the auto manufacturer’s stock, valued at approximately $266,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. increased its holdings in General Motors by 3.1% in the 4th quarter. Fox Run Management L.L.C. now owns 38,782 shares of the auto manufacturer’s stock worth $1,590,000 after acquiring an additional 1,182 shares in the last quarter. Reliance Trust Co. of Delaware grew its holdings in shares of General Motors by 18.2% during the third quarter. Reliance Trust Co. of Delaware now owns 7,812 shares of the auto manufacturer’s stock worth $315,000 after buying an additional 1,201 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of General Motors by 8.6% during the third quarter. National Asset Management Inc. now owns 15,302 shares of the auto manufacturer’s stock worth $619,000 after buying an additional 1,217 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of General Motors by 13.7% during the third quarter. Ausdal Financial Partners Inc. now owns 10,175 shares of the auto manufacturer’s stock worth $411,000 after buying an additional 1,227 shares in the last quarter. Finally, National Planning Corp grew its holdings in shares of General Motors by 5.6% during the third quarter. National Planning Corp now owns 25,867 shares of the auto manufacturer’s stock worth $1,124,000 after buying an additional 1,381 shares in the last quarter. Hedge funds and other institutional investors own 73.61% of the company’s stock.
A number of equities research analysts have recently issued reports on GM shares. Deutsche Bank reaffirmed a “buy” rating on shares of General Motors in a report on Friday, November 17th. Vetr lowered shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 target price for the company. in a report on Monday, December 4th. Royal Bank of Canada raised shares of General Motors from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $51.00 to $52.00 in a report on Tuesday, December 19th. Barclays reaffirmed a “buy” rating and set a $61.00 target price on shares of General Motors in a report on Tuesday, January 9th. Finally, Evercore ISI boosted their price target on shares of General Motors from $40.00 to $41.38 in a research report on Friday, December 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Buy” and an average target price of $44.75.
Shares of General Motors (GM) opened at $38.01 on Wednesday. The stock has a market cap of $53,077.12, a PE ratio of 5.77, a PEG ratio of 0.72 and a beta of 1.60. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. research analysts expect that General Motors will post 6.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. General Motors’s payout ratio is -52.59%.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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