FNY Investment Advisers LLC reduced its position in General Motors (NYSE:GM) (TSE:GMM.U) by 77.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,245 shares of the auto manufacturer’s stock after selling 4,306 shares during the quarter. FNY Investment Advisers LLC’s holdings in General Motors were worth $46,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Signet Investment Advisory Group Inc. purchased a new position in General Motors in the fourth quarter worth $26,000. Cornerstone Advisors Inc. grew its holdings in shares of General Motors by 63.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 346 shares during the last quarter. NuWave Investment Management LLC grew its holdings in shares of General Motors by 198.6% during the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. Liberty Wealth Management LLC purchased a new stake in shares of General Motors during the fourth quarter valued at $30,000. Finally, Advisors Preferred LLC purchased a new stake in shares of General Motors during the fourth quarter valued at $31,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.
GM has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on shares of General Motors in a report on Wednesday, February 13th. They set a “buy” rating on the stock. Citigroup boosted their price objective on shares of General Motors to $67.00 and gave the company a “buy” rating in a report on Friday, February 8th. Barclays reissued a “buy” rating and set a $49.00 price objective on shares of General Motors in a report on Monday, January 14th. Zacks Investment Research lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Finally, Buckingham Research set a $34.00 price objective on shares of General Motors and gave the company a “hold” rating in a report on Friday, January 11th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.20.
NYSE GM opened at $40.30 on Friday. The firm has a market cap of $56.80 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.70 and a beta of 1.27. General Motors has a 1 year low of $30.56 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. The company had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, equities analysts predict that General Motors will post 6.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.77%. General Motors’s dividend payout ratio is presently 23.24%.
General Motors Company 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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