BB&T Securities LLC Buys 9,414 Shares of General Motors (GM)
BB&T Securities LLC grew its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 629,405 shares of the auto manufacturer’s stock after purchasing an additional 9,414 shares during the quarter. BB&T Securities LLC’s holdings in General Motors were worth $25,415,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in shares of General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after acquiring an additional 860 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after acquiring an additional 310 shares during the last quarter. Ffcm LLC increased its position in shares of General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 3,213 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in shares of General Motors by 240.2% during the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after acquiring an additional 3,248 shares during the last quarter. Finally, Fayez Sarofim & Co. purchased a new stake in shares of General Motors during the third quarter valued at approximately $202,000. Institutional investors own 73.04% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Jefferies Group increased their price target on General Motors from $36.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, October 30th. Morgan Stanley reaffirmed a “hold” rating and set a $43.00 price target on shares of General Motors in a research report on Tuesday. Standpoint Research downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Citigroup reissued a “buy” rating and issued a $53.00 target price on shares of General Motors in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Hold” and an average target price of $43.61.
In other news, insider Alicia S. Boler-Davis sold 10,000 shares of General Motors stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.90, for a total value of $409,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Daniel Ammann sold 50,000 shares of General Motors stock in a transaction 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 of the company’s stock, valued at $7,066,214. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,122 shares of company stock valued at $40,627,952. 0.04% of the stock is owned by company insiders.
Shares of General Motors (NYSE:GM) traded up $0.15 during midday trading on Thursday, hitting $43.96. The stock had a trading volume of 2,800,143 shares, compared to its average volume of 13,373,706. The stock has a market capitalization of $63,804.73, a PE ratio of 7.26, a PEG ratio of 0.78 and a beta of 1.56. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. analysts predict that General Motors will post 6.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 77.95%.
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General Motors 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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