Systematic Financial Management LP cut its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,289 shares of the auto manufacturer’s stock after selling 2,810 shares during the quarter. Systematic Financial Management LP’s holdings in General Motors were worth $1,617,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Swiss National Bank increased its position in General Motors by 1.2% in the second quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after purchasing an additional 56,500 shares during the period. Suntrust Banks Inc. increased its position in 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 purchasing an additional 51,539 shares during the period. State of Tennessee Treasury Department increased its position in General Motors by 0.4% in the second quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after purchasing an additional 3,298 shares during the period. Mosaic Family Wealth LLC increased its position in 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 purchasing an additional 900 shares during the period. Finally, Intrust Bank NA increased its position in General Motors by 0.3% in the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after purchasing an additional 25 shares during the period. Institutional investors own 72.21% of the company’s stock.

Shares of General Motors Company (GM) opened at 38.88 on Monday. General Motors Company has a 1-year low of $30.21 and a 1-year high of $39.18. The firm has a 50-day moving average price of $36.04 and a 200 day moving average price of $35.11. The company has a market cap of $56.66 billion, a PE ratio of 6.76 and a beta of 1.44.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The company had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. During the same quarter last year, the company earned $1.86 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that General Motors Company will post $6.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. General Motors’s dividend payout ratio is presently 26.48%.

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GM has been the subject of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price objective on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “hold” rating and issued a $37.00 price objective on shares of General Motors in a research report on Friday, July 14th. Buckingham Research reiterated a “neutral” rating and issued a $33.00 price objective on shares of General Motors in a research report on Friday, September 8th. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and a consensus price target of $38.97.

In other news, insider Alan S. Batey sold 234,274 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the transaction, the insider now owns 67,548 shares in the company, valued at $2,569,525.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Daniel Ammann sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total value of $1,900,000.00. Following the completion of the transaction, the president now owns 185,953 shares in the company, valued at approximately $7,066,214. The disclosure for this sale can be found here. Insiders sold 614,947 shares of company stock worth $22,402,528 in the last 90 days. Corporate insiders own 0.04% of the company’s stock.

General Motors Company Profile

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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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