General Motors (NYSE:GM) Shares Acquired by Man Group plc

Man Group plc lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,834 shares of the auto manufacturer’s stock after acquiring an additional 4,535 shares during the period. Man Group plc’s holdings in General Motors were worth $1,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GM. AGF Investments LLC increased its stake in General Motors by 28.0% in the 2nd quarter. AGF Investments LLC now owns 1,183 shares of the auto manufacturer’s stock worth $46,000 after buying an additional 259 shares during the period. CIBC Private Wealth Group LLC increased its stake in General Motors by 0.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 96,111 shares of the auto manufacturer’s stock worth $3,703,000 after buying an additional 506 shares during the period. Keybank National Association OH increased its stake in General Motors by 6.5% in the 2nd quarter. Keybank National Association OH now owns 173,293 shares of the auto manufacturer’s stock worth $6,677,000 after buying an additional 10,574 shares during the period. Sandy Spring Bank increased its stake in General Motors by 3,157.9% in the 2nd quarter. Sandy Spring Bank now owns 3,095 shares of the auto manufacturer’s stock worth $119,000 after buying an additional 3,000 shares during the period. Finally, Stephens Inc. AR increased its stake in General Motors by 1.6% in the 2nd quarter. Stephens Inc. AR now owns 34,037 shares of the auto manufacturer’s stock worth $1,311,000 after buying an additional 544 shares during the period. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of General Motors from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Buckingham Research dropped their target price on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. UBS Group increased their target price on shares of General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Barclays dropped their target price on shares of General Motors from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Morgan Stanley set a $46.00 target price on shares of General Motors and gave the stock a “buy” rating in a report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $46.54.

Shares of General Motors stock opened at $36.10 on Friday. General Motors has a 1 year low of $31.46 and a 1 year high of $41.90. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.68 and a beta of 1.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82. The firm’s 50-day moving average is $36.63 and its two-hundred day moving average is $37.20.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The business had revenue of $35.50 billion for the quarter, compared to analysts’ expectations of $35.21 billion. During the same period last year, the business earned $1.87 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, equities analysts expect that General Motors will post 4.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, December 5th. General Motors’s dividend payout ratio 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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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