YorkBridge Wealth Partners LLC Boosts Position in General Motors Company (GM)
YorkBridge Wealth Partners LLC increased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 43.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,838 shares of the auto manufacturer’s stock after buying an additional 860 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in General Motors were worth $101,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of GM. Risk Paradigm Group LLC raised its position in General Motors by 55.3% in the 2nd quarter. Risk Paradigm Group LLC now owns 13,032 shares of the auto manufacturer’s stock valued at $455,000 after buying an additional 4,642 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in General Motors by 48.2% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 58,105 shares of the auto manufacturer’s stock valued at $2,030,000 after acquiring an additional 18,900 shares in the last quarter. Voya Investment Management LLC lifted its stake in General Motors by 1.8% in the 2nd quarter. Voya Investment Management LLC now owns 803,307 shares of the auto manufacturer’s stock valued at $28,060,000 after acquiring an additional 14,232 shares in the last quarter. Veritable L.P. lifted its stake in General Motors by 1.0% in the 2nd quarter. Veritable L.P. now owns 61,892 shares of the auto manufacturer’s stock valued at $2,162,000 after acquiring an additional 619 shares in the last quarter. Finally, Bancorpsouth Inc. lifted its stake in General Motors by 4.6% in the 2nd quarter. Bancorpsouth Inc. now owns 62,944 shares of the auto manufacturer’s stock valued at $2,199,000 after acquiring an additional 2,755 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.
In related news, insider Charles K. Stevens III sold 16,000 shares of General Motors stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.80, for a total transaction of $572,800.00. Following the completion of the transaction, the insider now directly owns 77,052 shares of the company’s stock, valued at approximately $2,758,461.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Daniel Ammann sold 40,000 shares of General Motors stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $40.19, for a total transaction of $1,607,600.00. Following the transaction, the president now directly owns 145,953 shares of the company’s stock, valued at $5,865,851.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 639,947 shares of company stock valued at $23,485,128. Corporate insiders own 0.04% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.watchlistnews.com/yorkbridge-wealth-partners-llc-boosts-position-in-general-motors-company-gm/1603198.html.
General Motors Company (NYSE:GM) traded up 3.29% during mid-day trading on Monday, reaching $41.71. The company had a trading volume of 4,385,162 shares. General Motors Company has a one year low of $30.21 and a one year high of $42.00. The company’s 50-day moving average is $36.19 and its 200-day moving average is $35.09. The stock has a market capitalization of $60.78 billion, a PE ratio of 7.25 and a beta of 1.44.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. Equities research analysts anticipate that General Motors Company will post $6.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Thursday, September 7th. General Motors’s dividend payout ratio is 26.48%.
GM has been the subject of a number of recent research reports. Berenberg Bank set a $31.00 price target on General Motors and gave the stock a “sell” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Deutsche Bank AG upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $51.00 in a report on Monday, September 25th. Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Vetr raised shares of General Motors to a “strong-buy” rating in a research report on Friday, June 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. General Motors currently has an average rating of “Buy” and a consensus price target of $39.16.
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.
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM) (TSE:GMM.U).
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.