General Motors Company (GM) Shares Bought by BT Investment Management Ltd
BT Investment Management Ltd increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 99.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,678 shares of the auto manufacturer’s stock after acquiring an additional 74,089 shares during the quarter. BT Investment Management Ltd’s holdings in General Motors were worth $6,074,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after purchasing an additional 3,560,717 shares during the period. BlackRock Inc. boosted its holdings in shares of General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock valued at $2,750,849,000 after acquiring an additional 850,211 shares in the last quarter. State Street Corp boosted its holdings in shares of General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock valued at $2,136,563,000 after acquiring an additional 2,252,866 shares in the last quarter. Berkshire Hathaway Inc. boosted its holdings in shares of General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after acquiring an additional 10,000,000 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock valued at $1,094,259,000 after acquiring an additional 1,500,500 shares in the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.
Several analysts have recently weighed in on GM shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Citigroup Inc. reaffirmed a “buy” rating and issued a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Vetr raised shares of General Motors from a “hold” rating to a “buy” rating and set a $43.99 target price on the stock in a report on Monday. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the company a “sell” rating in a report on Monday, August 14th. Finally, Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.61.
In other news, insider Alan S. Batey sold 8,144 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $35.57, for a total value of $289,682.08. Following the completion of the transaction, the insider now directly owns 66,748 shares in the company, valued at $2,374,226.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 4,560 shares of the company’s stock, valued at approximately $158,961.60. The disclosure for this purchase can be found here. Insiders sold 979,266 shares of company stock valued at $40,917,634 over the last 90 days. Insiders own 0.04% of the company’s stock.
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Shares of General Motors Company (NYSE GM) opened at $42.20 on Tuesday. 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 Company has a 52 week low of $30.21 and a 52 week high of $46.76. The stock has a market cap of $59,860.00, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. General Motors’s revenue for the quarter was down 16.6% on a year-over-year basis. sell-side analysts predict that General Motors Company will post 6.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.60%. General Motors’s dividend payout ratio (DPR) is presently 32.90%.
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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