Virtu Financial LLC increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 302.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,706 shares of the auto manufacturer’s stock after purchasing an additional 47,875 shares during the period. Virtu Financial LLC’s holdings in General Motors were worth $2,611,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in General Motors in the third quarter valued at approximately $202,352,000. SG Americas Securities LLC boosted its stake in General Motors by 4,992.3% in the fourth quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock valued at $121,443,000 after acquiring an additional 2,904,565 shares during the period. APG Asset Management N.V. boosted its stake in General Motors by 807.4% in the fourth quarter. APG Asset Management N.V. now owns 2,597,441 shares of the auto manufacturer’s stock valued at $88,665,000 after acquiring an additional 2,311,204 shares during the period. Levin Capital Strategies L.P. boosted its stake in General Motors by 123.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 3,440,444 shares of the auto manufacturer’s stock valued at $141,024,000 after acquiring an additional 1,900,236 shares during the period. Finally, AXA boosted its stake in General Motors by 295.3% in the third quarter. AXA now owns 1,944,602 shares of the auto manufacturer’s stock valued at $78,523,000 after acquiring an additional 1,452,633 shares during the period. Institutional investors and hedge funds own 73.74% of the company’s stock.
In related news, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $40.88, for a total value of $1,430,800.00. Following the sale, the chief financial officer now directly owns 26,052 shares in the company, valued at approximately $1,065,005.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,847 shares of company stock worth $8,793,908. 0.04% of the stock is owned by corporate insiders.
Shares of General Motors (GM) opened at $41.09 on Monday. The firm has a market capitalization of $57,634.07, a P/E ratio of -14.22, a PEG ratio of 0.79 and a beta of 1.59. 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 twelve month low of $31.92 and a twelve month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. sell-side analysts forecast that General Motors will post 6.25 EPS for the current 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 dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 3.70%. General Motors’s payout ratio is -52.59%.
TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.com-unik.info/2018/02/19/virtu-financial-llc-boosts-position-in-general-motors-gm.html.
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.
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.