Keybank National Association OH lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,293 shares of the auto manufacturer’s stock after buying an additional 10,574 shares during the period. Keybank National Association OH’s holdings in General Motors were worth $6,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in General Motors by 83.3% in the 1st quarter. FMR LLC now owns 8,016,745 shares of the auto manufacturer’s stock valued at $297,421,000 after purchasing an additional 3,643,659 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in General Motors in the 1st quarter valued at approximately $657,000. WealthPLAN Partners LLC grew its stake in shares of General Motors by 9.6% in the first quarter. WealthPLAN Partners LLC now owns 12,598 shares of the auto manufacturer’s stock worth $471,000 after acquiring an additional 1,104 shares in the last quarter. Rathbone Brothers plc acquired a new position in shares of General Motors in the first quarter worth $215,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of General Motors by 35.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 297,294 shares of the auto manufacturer’s stock worth $11,029,000 after acquiring an additional 77,739 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
Several research firms have commented on GM. ValuEngine downgraded shares of General Motors from a “hold” rating to a “sell” rating in a research note on Thursday. Morgan Stanley set a $46.00 price target on shares of General Motors and gave the stock a “buy” rating in a research note on Monday. Nomura set a $38.00 price target on shares of General Motors and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Royal Bank of Canada boosted their price target on shares of General Motors to $52.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Finally, Evercore ISI set a $50.00 price target on shares of General Motors and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. General Motors currently has an average rating of “Buy” and an average price target of $47.62.
Shares of General Motors stock traded down $0.32 during trading on Thursday, hitting $36.87. 138,966 shares of the stock were exchanged, compared to its average volume of 7,916,645. The company has a market cap of $52.58 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.39. The business’s 50-day simple moving average is $39.29. General Motors has a 12-month low of $30.56 and a 12-month high of $41.90. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.21. The business had revenue of $36.06 billion during the quarter, compared to analysts’ expectations of $36.03 billion. General Motors had a net margin of 6.31% and a return on equity of 21.08%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 EPS. On average, equities analysts forecast that General Motors will post 6.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.12%. General Motors’s dividend payout ratio (DPR) is currently 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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