General Motors Co. (GM) Stake Held by Private Bank & Trust Co.
Private Bank & Trust Co. continued to hold its position in shares of General Motors Co. (NYSE:GM) (TSE:GMM.U) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,900 shares of the auto manufacturer’s stock at the end of the third quarter. Private Bank & Trust Co.’s holdings in General Motors were worth $1,999,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BKD Wealth Advisors LLC boosted its position in General Motors by 4.7% in the second quarter. BKD Wealth Advisors LLC now owns 55,614 shares of the auto manufacturer’s stock valued at $1,574,000 after buying an additional 2,508 shares during the last quarter. Quotient Investors LLC boosted its position in General Motors by 46.3% in the second quarter. Quotient Investors LLC now owns 9,800 shares of the auto manufacturer’s stock valued at $277,000 after buying an additional 3,100 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its position in General Motors by 3.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 25,377 shares of the auto manufacturer’s stock valued at $718,000 after buying an additional 780 shares during the last quarter. American National Bank boosted its position in General Motors by 0.7% in the second quarter. American National Bank now owns 124,436 shares of the auto manufacturer’s stock valued at $3,522,000 after buying an additional 917 shares during the last quarter. Finally, Trust Co bought a new position in General Motors during the first quarter valued at $271,000. 70.71% of the stock is owned by institutional investors and hedge funds.
Shares of General Motors Co. (NYSE:GM) traded down 0.58% on Monday, reaching $34.05. 11,516,644 shares of the company’s stock traded hands. The firm has a market capitalization of $51.90 billion, a P/E ratio of 3.89 and a beta of 1.42. The firm’s 50 day moving average is $32.29 and its 200 day moving average is $31.18. General Motors Co. has a 52 week low of $26.69 and a 52 week high of $36.52.
General Motors (NYSE:GM) last posted its quarterly earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.28. General Motors had a net margin of 8.58% and a return on equity of 23.22%. The company earned $42.80 billion during the quarter, compared to analyst estimates of $39.11 billion. During the same period last year, the firm posted $1.50 EPS. General Motors’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts expect that General Motors Co. will post $6.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, December 5th. General Motors’s dividend payout ratio (DPR) is 17.41%.
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Several analysts recently issued reports on the stock. Berenberg Bank restated a “sell” rating and set a $29.00 target price on shares of General Motors in a research report on Monday. Vetr upgraded shares of General Motors from a “sell” rating to a “hold” rating and set a $33.71 target price for the company in a research report on Thursday. restated a “strong-buy” rating on shares of General Motors in a research report on Thursday, November 10th. Nomura set a $33.00 target price on shares of General Motors and gave the company a “hold” rating in a research report on Thursday, October 27th. Finally, Bank of America Corp. lowered shares of General Motors from a “buy” rating to a “neutral” rating and boosted their target price for the company from $26.69 to $31.60 in a research report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $36.06.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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