Oxford Financial Group Ltd. acquired a new position in shares of General Motors (NYSE:GM – Free Report) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,310 shares of the auto manufacturer’s stock, valued at approximately $205,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aspire Private Capital LLC purchased a new position in General Motors during the first quarter worth approximately $14,600,291,000. Resources Management Corp CT ADV acquired a new position in General Motors in the first quarter valued at $166,000. Penserra Capital Management LLC grew its position in General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 283 shares during the period. Venturi Wealth Management LLC acquired a new stake in General Motors during the first quarter worth about $25,000. Finally, JNBA Financial Advisors lifted its stake in shares of General Motors by 149.1% in the 2nd quarter. JNBA Financial Advisors now owns 730 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 437 shares in the last quarter. Hedge funds and other institutional investors own 79.62% of the company’s stock.
Analysts Set New Price Targets
GM has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of General Motors from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Citigroup cut their target price on shares of General Motors from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, October 11th. Tigress Financial reaffirmed a “strong-buy” rating and set a $86.00 price target on shares of General Motors in a research report on Friday, July 28th. The Goldman Sachs Group cut their price objective on General Motors from $47.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Finally, Morgan Stanley decreased their target price on General Motors from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.
General Motors Price Performance
Shares of GM stock opened at $28.03 on Monday. The firm has a market cap of $38.39 billion, a P/E ratio of 3.94, a P/E/G ratio of 0.40 and a beta of 1.48. The firm has a fifty day moving average of $30.35 and a two-hundred day moving average of $33.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 0.96. General Motors has a 1-year low of $26.30 and a 1-year high of $43.63.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.41. General Motors had a return on equity of 16.01% and a net margin of 5.83%. The business had revenue of $44.13 billion during the quarter, compared to the consensus estimate of $42.48 billion. During the same period last year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that General Motors will post 7.1 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 30th. General Motors’s dividend payout ratio is currently 5.06%.
General Motors Profile
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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