SignalPoint Asset Management LLC Purchases New Holdings in General Motors Company (GM)

SignalPoint Asset Management LLC purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,900 shares of the auto manufacturer’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Intrust Bank NA raised its holdings in shares of General Motors by 0.3% during the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after acquiring an additional 25 shares during the period. IFC Holdings Incorporated FL raised its holdings in General Motors by 0.3% in the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock valued at $1,120,000 after buying an additional 88 shares during the period. Rehmann Capital Advisory Group raised its holdings in General Motors by 1.8% in the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock valued at $230,000 after buying an additional 115 shares during the period. Alpha Windward LLC raised its holdings in General Motors by 2.3% in the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock valued at $194,000 after buying an additional 125 shares during the period. Finally, Heritage Investors Management Corp raised its holdings in General Motors by 0.3% in the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock valued at $1,735,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 72.83% of the company’s stock.

Several analysts recently issued reports on GM shares. Piper Jaffray Companies restated a “buy” rating and issued a $44.00 price objective on shares of General Motors in a report on Wednesday, July 12th. Royal Bank Of Canada restated a “hold” rating and issued a $37.00 price objective on shares of General Motors in a report on Friday, July 14th. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective on the stock. in a report on Monday, July 17th. BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Hold” and a consensus price target of $43.32.

In related news, Director Jane L. Mendillo purchased 1,440 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $34.86 per share, for a total transaction of $50,198.40. Following the completion of the purchase, the director now directly owns 4,560 shares of the company’s stock, valued at $158,961.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the sale, the president now owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The disclosure for this sale can be found here. In the last quarter, insiders sold 979,266 shares of company stock valued at $40,917,634. 0.04% of the stock is owned by company insiders.

Shares of General Motors Company (NYSE:GM) traded down $0.79 during midday trading on Friday, reaching $42.34. The company’s stock had a trading volume of 9,800,780 shares, compared to its average volume of 15,410,000. General Motors Company has a one year low of $30.21 and a one year high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $60.14 billion, a PE ratio of 6.88, a P/E/G ratio of 0.74 and a beta of 1.56.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. equities analysts predict that General Motors Company will post 6.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is currently 32.90%.

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About General Motors

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.

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

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