MUFG Americas Holdings Corp boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 60.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,192 shares of the auto manufacturer’s stock after purchasing an additional 1,587 shares during the period. MUFG Americas Holdings Corp’s holdings in General Motors were worth $157,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Next Capital Management LLC acquired a new stake in shares of General Motors in the 2nd quarter valued at $25,000. Advisors Preferred LLC acquired a new stake in shares of General Motors in the 2nd quarter valued at $26,000. Trust Co. of Vermont increased its stake in shares of General Motors by 101.2% in the 2nd quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 335 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in shares of General Motors in the 3rd quarter valued at $26,000. Finally, Webster Bank N. A. increased its stake in shares of General Motors by 253.5% in the 2nd quarter. Webster Bank N. A. now owns 700 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 502 shares during the period. 76.94% of the stock is owned by hedge funds and other institutional investors.
Shares of General Motors stock opened at $36.89 on Friday. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 0.71 and a beta of 1.40. The stock’s 50-day moving average is $36.66 and its 200-day moving average is $37.46. General Motors has a one year low of $31.46 and a one year high of $41.90. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.54. The company had revenue of $35.50 billion for the quarter, compared to analyst estimates of $35.21 billion. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 earnings per share. On average, equities analysts expect that General Motors will post 4.8 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. General Motors’s dividend payout ratio (DPR) is 23.24%.
Several equities research analysts have recently commented on GM shares. Buckingham Research lowered their target price on General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Citigroup lifted their target price on General Motors from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Nomura set a $38.00 target price on General Motors and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays lowered their target price on General Motors from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Morgan Stanley set a $46.00 target price on General Motors and gave the company a “buy” rating in a research note on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. General Motors currently has a consensus rating of “Buy” and a consensus target price of $47.00.
In other news, EVP Matthew Tsien sold 16,933 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $39.50, for a total value of $668,853.50. Following the sale, the executive vice president now directly owns 18,533 shares in the company, valued at $732,053.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.
General Motors 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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