AdvisorNet Financial Inc increased its position in shares of General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,782 shares of the auto manufacturer’s stock after purchasing an additional 514 shares during the period. AdvisorNet Financial Inc’s holdings in General Motors were worth $396,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Penserra Capital Management LLC grew its stake in shares of General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 283 shares in the last quarter. Clear Investment Research LLC acquired a new position in General Motors in the third quarter valued at $31,000. Chilton Capital Management LLC acquired a new position in General Motors in the second quarter valued at $32,000. Annapolis Financial Services LLC boosted its stake in General Motors by 156.6% in the third quarter. Annapolis Financial Services LLC now owns 1,383 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 844 shares in the last quarter. Finally, Rock Creek Group LP boosted its stake in General Motors by 108.1% in the third quarter. Rock Creek Group LP now owns 1,384 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 719 shares in the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.
Insider Buying and Selling at General Motors
In other General Motors news, EVP Stephen K. Carlisle sold 18,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total value of $755,460.00. Following the completion of the transaction, the executive vice president now directly owns 46,170 shares of the company’s stock, valued at $1,937,754.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Stephen K. Carlisle sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total value of $755,460.00. Following the sale, the executive vice president now directly owns 46,170 shares in the company, valued at $1,937,754.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 15,743 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $42.65, for a total transaction of $671,438.95. Following the completion of the sale, the executive vice president now owns 71,209 shares in the company, valued at $3,037,063.85. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
General Motors Trading Down 0.1 %
NYSE GM opened at $33.71 on Friday. The stock has a market capitalization of $47.01 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.57 and a beta of 1.36. General Motors has a 52-week low of $30.33 and a 52-week high of $46.74. The firm has a 50-day moving average price of $38.43 and a 200 day moving average price of $37.56. The company has a quick ratio of 0.93, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.
General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.44. General Motors had a net margin of 6.34% and a return on equity of 16.08%. The firm had revenue of $43.11 billion during the quarter, compared to analysts’ expectations of $40.62 billion. During the same period in the prior year, the company posted $1.35 earnings per share. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. Equities research analysts expect that General Motors will post 6.21 EPS for the current year.
General Motors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Friday, March 3rd were issued a $0.09 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.
General Motors Company Profile
General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.
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