General Motors Company (GM) Holdings Maintained by Barings LLC
Barings LLC maintained its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,500 shares of the auto manufacturer’s stock at the close of the second quarter. Barings LLC’s holdings in General Motors were worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently made changes to their positions in the company. Prudential PLC raised its holdings in shares of General Motors by 5.6% in the 2nd quarter. Prudential PLC now owns 6,530,605 shares of the auto manufacturer’s stock valued at $228,114,000 after purchasing an additional 349,127 shares in the last quarter. Williams Jones & Associates LLC grew its stake in shares of General Motors by 21.4% during the second quarter. Williams Jones & Associates LLC now owns 92,539 shares of the auto manufacturer’s stock worth $3,232,000 after purchasing an additional 16,317 shares in the last quarter. Logan Capital Management Inc. acquired a new position in shares of General Motors during the second quarter worth $15,991,000. Capital World Investors grew its stake in shares of General Motors by 5.0% during the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares in the last quarter. Finally, Sun Life Financial INC grew its stake in shares of General Motors by 6,441.1% during the second quarter. Sun Life Financial INC now owns 16,549 shares of the auto manufacturer’s stock worth $578,000 after purchasing an additional 16,296 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.
In other news, Director Patricia F. Russo bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $34.73 per share, for a total transaction of $347,300.00. Following the transaction, the director now owns 12,300 shares in the company, valued at $427,179. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $34.86 per share, with a total value of $50,198.40. Following the transaction, the director now owns 4,560 shares in the company, valued at approximately $158,961.60. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 639,947 shares of company stock worth $23,485,128. 0.04% of the stock is currently owned by insiders.
Shares of General Motors Company (GM) traded up 0.51% during midday trading on Wednesday, reaching $43.67. 5,120,219 shares of the company were exchanged. General Motors Company has a 52-week low of $30.21 and a 52-week high of $43.81. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 7.59 and a beta of 1.45. The company’s 50-day moving average price is $37.74 and its 200 day moving average price is $35.33.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $36.98 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, equities analysts predict that General Motors Company will post $6.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.38 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 3.50%. General Motors’s dividend payout ratio is presently 26.48%.
GM has been the subject of a number of recent analyst reports. Bank of America Corporation raised General Motors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $57.00 in a report on Tuesday. Instinet reiterated a “buy” rating and issued a $43.00 price objective on shares of General Motors in a report on Tuesday. Wolfe Research began coverage on General Motors in a report on Tuesday, June 13th. They issued a “market perform” rating and a $33.00 price objective on the stock. BidaskClub lowered General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley assumed coverage on General Motors in a research report on Wednesday, June 28th. They set an “overweight” rating and a $40.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $40.41.
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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