Gotham Asset Management LLC Sells 100,288 Shares of General Motors Company (GM)
Gotham Asset Management LLC lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 665,877 shares of the auto manufacturer’s stock after selling 100,288 shares during the period. Gotham Asset Management LLC’s holdings in General Motors were worth $23,259,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Swiss National Bank lifted its position in shares of General Motors by 1.2% during the second quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after acquiring an additional 56,500 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in shares of 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. Intrust Bank NA increased its holdings in shares of 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. Commonwealth Bank of Australia increased its holdings in shares of General Motors by 12.5% in the second quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock worth $25,819,000 after purchasing an additional 82,201 shares during the period. Finally, Alpha Windward LLC increased its holdings in shares of General Motors by 2.3% in the second quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.
Shares of General Motors Company (NYSE GM) traded up 2.21% on Friday, hitting $44.82. The stock had a trading volume of 8,172,577 shares. The company has a 50 day moving average price of $38.21 and a 200-day moving average price of $35.46. General Motors Company has a 12 month low of $30.21 and a 12 month high of $45.17. The stock has a market cap of $65.31 billion, a PE ratio of 7.79 and a beta of 1.45.
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, topping analysts’ consensus estimates of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the previous year, the firm posted $1.86 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that General Motors Company will post $6.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a $0.38 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.47%. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
Several research firms have recently weighed in on GM. Royal Bank Of Canada upped their price target on shares of General Motors from $38.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $43.00 price target on shares of General Motors in a report on Wednesday. Instinet reaffirmed a “buy” rating and issued a $43.00 price target on shares of General Motors in a report on Tuesday. Bank of America Corporation raised shares of General Motors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $57.00 in a report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $51.00 price target on shares of General Motors in a report on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.79.
In other news, EVP Craig B. Glidden sold 192,954 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.64, for a total value of $8,034,604.56. Following the sale, the executive vice president now directly owns 214,171 shares in the company, valued at approximately $8,918,080.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karl-Thomas Neumann sold 234,274 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the completion of the sale, the insider now owns 234,274 shares in the company, valued at $8,145,706.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 842,901 shares of company stock worth $31,928,733. Insiders own 0.04% of the company’s stock.
WARNING: “Gotham Asset Management LLC Sells 100,288 Shares of General Motors Company (GM)” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/gotham-asset-management-llc-sells-100288-shares-of-general-motors-company-gm/1613161.html.
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.
Receive News & Ratings for General Motors Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company and related companies with Analyst Ratings Network's FREE daily email newsletter.