General Motors Company (NYSE:GM) Stake Decreased by Two Sigma Securities LLC
Two Sigma Securities LLC decreased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,923 shares of the auto manufacturer’s stock after selling 1,490 shares during the period. Two Sigma Securities LLC’s holdings in General Motors were worth $245,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Pekin Singer Strauss Asset Management IL increased its stake in shares of General Motors by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock worth $2,206,000 after buying an additional 1,912 shares in the last quarter. IFC Holdings Incorporated FL increased its stake in shares of General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock worth $1,141,000 after buying an additional 14,559 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of General Motors by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock worth $8,008,000 after buying an additional 51,539 shares in the last quarter. Pegasus Partners Ltd. increased its stake in shares of General Motors by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock worth $750,000 after buying an additional 536 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its stake in shares of General Motors by 9.9% in the first quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock worth $354,000 after buying an additional 900 shares in the last quarter. 76.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of General Motors Company (GM) traded up 0.25% during midday trading on Tuesday, reaching $35.39. 9,023,604 shares of the company’s stock were exchanged. General Motors Company has a one year low of $30.13 and a one year high of $38.55. The firm has a 50 day moving average of $35.24 and a 200-day moving average of $35.21. The stock has a market cap of $51.57 billion, a price-to-earnings ratio of 6.15 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 EPS. On average, equities research analysts anticipate that General Motors Company will post $6.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.29%. General Motors’s payout ratio is 26.48%.
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GM has been the topic of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $37.00 price objective on shares of General Motors in a report on Friday, July 14th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and set a $36.00 price objective on shares of General Motors in a report on Tuesday, June 13th. Piper Jaffray Companies reissued a “buy” rating and set a $44.00 price objective on shares of General Motors in a report on Wednesday, July 12th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. General Motors presently has an average rating of “Buy” and an average price target of $39.38.
In other news, Director Jane L. Mendillo acquired 1,520 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of $32.92 per share, for a total transaction of $50,038.40. Following the transaction, the director now directly owns 3,120 shares of the company’s stock, valued at $102,710.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Karl-Thomas Neumann sold 46,472 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $32.84, for a total transaction of $1,526,140.48. The disclosure for this sale can be found here. Insiders have sold a total of 369,001 shares of company stock worth $12,827,204 over the last 90 days. Insiders own 0.04% of the company’s stock.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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