Norinchukin Bank The lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,299 shares of the auto manufacturer’s stock after purchasing an additional 16,007 shares during the quarter. Norinchukin Bank The’s holdings in General Motors were worth $7,431,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of GM. Swiss National Bank lifted its position in General Motors by 1.6% in the 3rd quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock valued at $202,177,000 after acquiring an additional 81,000 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in General Motors by 181.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after acquiring an additional 1,166,696 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after acquiring an additional 331,621 shares in the last quarter. Lehman Financial Resources Inc. lifted its position in General Motors by 6.4% in the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in General Motors in the 3rd quarter valued at approximately $701,000. 73.61% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas S. Timko sold 8,461 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $42.06, for a total transaction of $355,869.66. Following the completion of the transaction, the chief accounting officer now directly owns 33,519 shares of the company’s stock, valued at approximately $1,409,809.14. The disclosure for this sale can be found here. Insiders sold a total of 40,289,848 shares of company stock valued at $1,600,694,061 in the last ninety days. 0.04% of the stock is currently owned by insiders.
A number of equities research analysts have weighed in on GM shares. Evercore ISI boosted their target price on shares of General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Cascend Securities lowered shares of General Motors to a “buy” rating in a research note on Tuesday, December 5th. Bank of America reiterated a “buy” rating and set a $57.00 target price on shares of General Motors in a research note on Tuesday, November 28th. Guggenheim upgraded shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, November 20th. Finally, Deutsche Bank reiterated a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. General Motors currently has an average rating of “Buy” and a consensus price target of $44.75.
Shares of General Motors (NYSE:GM) opened at $38.01 on Wednesday. The company has a market capitalization of $53,077.12, a price-to-earnings ratio of 5.77, a PEG ratio of 0.72 and a beta of 1.60. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.31. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. General Motors’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. research analysts anticipate that General Motors will post 6.25 earnings per share 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 issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio is currently -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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