Archford Capital Strategies LLC Invests $368,000 in General Motors (GM)

Archford Capital Strategies LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,969 shares of the auto manufacturer’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of General Motors by 26.7% during the fourth quarter. Franklin Resources Inc. now owns 21,868,641 shares of the auto manufacturer’s stock worth $896,398,000 after buying an additional 4,611,023 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after buying an additional 331,621 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of General Motors by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,020,001 shares of the auto manufacturer’s stock worth $451,709,000 after buying an additional 110,658 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of General Motors by 5.5% during the third quarter. Janus Henderson Group PLC now owns 10,815,151 shares of the auto manufacturer’s stock worth $436,729,000 after buying an additional 567,980 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of General Motors by 0.7% during the third quarter. Legal & General Group Plc now owns 7,828,786 shares of the auto manufacturer’s stock worth $316,139,000 after buying an additional 56,115 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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Several research firms have recently weighed in on GM. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $55.00 price objective (down previously from $56.00) on shares of General Motors in a report on Tuesday, March 13th. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 price target (up previously from $44.00) on shares of General Motors in a report on Wednesday, March 14th. BMO Capital Markets reissued a “hold” rating and issued a $42.00 price target on shares of General Motors in a report on Tuesday, March 6th. Berenberg Bank set a $34.00 price target on shares of General Motors and gave the company a “sell” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada set a $52.00 price target on shares of General Motors and gave the company a “buy” rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. General Motors has an average rating of “Buy” and a consensus target price of $44.79.

In other news, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at $2,569,095. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of General Motors stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,289,848 shares of company stock valued at $1,600,694,061 in the last ninety days. Company insiders own 0.04% of the company’s stock.

Shares of GM stock opened at $36.89 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The company has a market cap of $53,231.45, a price-to-earnings ratio of -12.76, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. equities analysts forecast that General Motors will post 6.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio is presently -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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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