Atria Investments LLC raised its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 33.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,888 shares of the auto manufacturer’s stock after buying an additional 22,126 shares during the period. Atria Investments LLC’s holdings in General Motors Company were worth $3,108,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of GM. Carret Asset Management LLC increased its position in General Motors Company by 4.5% in the third quarter. Carret Asset Management LLC now owns 90,368 shares of the auto manufacturer’s stock valued at $2,871,000 after buying an additional 3,930 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in General Motors Company by 697.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,820,910 shares of the auto manufacturer’s stock valued at $57,850,000 after buying an additional 1,592,500 shares in the last quarter. Pekin Singer Strauss Asset Management IL increased its position in General Motors Company by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock valued at $2,206,000 after buying an additional 1,912 shares in the last quarter. BP PLC bought a new position in General Motors Company during the fourth quarter valued at about $6,271,000. Finally, Pegasus Partners Ltd. increased its position in General Motors Company by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock valued at $750,000 after buying an additional 536 shares in the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.
General Motors Company (NYSE:GM) traded up 0.758% during trading on Monday, reaching $33.875. 8,836,499 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $34.15 and its 200-day moving average price is $35.19. General Motors Company has a 52 week low of $27.34 and a 52 week high of $38.55. The stock has a market capitalization of $51.12 billion, a price-to-earnings ratio of 5.240 and a beta of 1.32.
General Motors Company (NYSE:GM) last issued its quarterly earnings results on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.25. The company had revenue of $41.20 billion during the quarter, compared to analysts’ expectations of $37.38 billion. General Motors Company had a net margin of 5.69% and a return on equity of 22.14%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, equities analysts expect that General Motors Company will post $6.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.52%. General Motors Company’s dividend payout ratio is presently 25.33%.
Several equities analysts have issued reports on the stock. Berenberg Bank set a $29.00 price objective on shares of General Motors Company and gave the company a “sell” rating in a research note on Monday, March 6th. Vetr raised shares of General Motors Company from a “sell” rating to a “hold” rating and set a $36.41 target price for the company in a report on Monday, January 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $36.00 target price on shares of General Motors Company in a report on Thursday, February 16th. Morgan Stanley reaffirmed an “outperform” rating and issued a $42.00 target price on shares of General Motors Company in a report on Tuesday, February 7th. Finally, Evercore ISI reissued an “in-line” rating and set a $40.00 price target on shares of General Motors Company in a report on Thursday, March 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.82.
In related news, insider Stefan Jacoby sold 2,435 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $37.11, for a total value of $90,362.85. Following the completion of the transaction, the insider now directly owns 85,735 shares of the company’s stock, valued at $3,181,625.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karl-Thomas Neumann sold 32,458 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $36.65, for a total transaction of $1,189,585.70. Following the completion of the transaction, the insider now directly owns 15,755 shares of the company’s stock, valued at $577,420.75. The disclosure for this sale can be found here. Insiders sold 115,249 shares of company stock valued at $3,962,499 over the last three months. 0.04% of the stock is owned by company insiders.
About General Motors Company
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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