General Motors (GM) Shares Bought by Raymond James & Associates

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Raymond James & Associates lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 8.1% in the 1st quarter, Holdings Channel reports. The firm owned 854,345 shares of the auto manufacturer’s stock after acquiring an additional 64,098 shares during the period. Raymond James & Associates’ holdings in General Motors were worth $31,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund increased its holdings in General Motors by 2,701.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock worth $1,018,000 after buying an additional 32,848,376 shares during the period. Greenhaven Associates Inc. acquired a new position in General Motors in the 1st quarter worth approximately $754,274,000. Norges Bank acquired a new position in General Motors in the 4th quarter worth approximately $340,570,000. Diamond Hill Capital Management Inc. acquired a new position in General Motors in the 4th quarter worth approximately $144,112,000. Finally, Vanguard Group Inc increased its holdings in General Motors by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock worth $3,260,923,000 after buying an additional 2,699,178 shares during the period. 77.34% of the stock is owned by hedge funds and other institutional investors.

GM has been the topic of several research reports. Citigroup increased their price target on shares of General Motors to $67.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Royal Bank of Canada increased their price target on shares of General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Seaport Global Securities initiated coverage on shares of General Motors in a report on Wednesday, February 13th. They issued a “buy” rating on the stock. Nomura set a $42.00 price target on shares of General Motors and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.60.

In other news, Director Wesley G. Bush acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $38.58 per share, with a total value of $385,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher Hatto sold 8,499 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $40.00, for a total transaction of $339,960.00. Following the sale, the vice president now directly owns 10,040 shares in the company, valued at approximately $401,600. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Shares of NYSE GM opened at $37.00 on Friday. The company has a market cap of $52.48 billion, a PE ratio of 5.66, a PEG ratio of 0.63 and a beta of 1.27. General Motors has a 12 month low of $30.56 and a 12 month high of $45.00. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 30th. The auto manufacturer reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.32. The business had revenue of $34.88 billion for the quarter, compared to analysts’ expectations of $35.56 billion. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.43 EPS. As a group, analysts forecast that General Motors will post 6.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.11%. General Motors’s payout ratio is 23.24%.

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General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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