Guggenheim Capital LLC reduced its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,844,580 shares of the auto manufacturer’s stock after selling 131,270 shares during the quarter. Guggenheim Capital LLC owned 0.13% of General Motors worth $75,610,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Nationwide Fund Advisors boosted its position in shares of General Motors by 1.0% during the third quarter. Nationwide Fund Advisors now owns 681,057 shares of the auto manufacturer’s stock worth $27,501,000 after buying an additional 6,425 shares during the period. Victory Capital Management Inc. boosted its position in shares of General Motors by 17.4% during the third quarter. Victory Capital Management Inc. now owns 211,515 shares of the auto manufacturer’s stock worth $8,541,000 after buying an additional 31,374 shares during the period. Bessemer Group Inc. boosted its position in General Motors by 12.6% during the third quarter. Bessemer Group Inc. now owns 15,173 shares of the auto manufacturer’s stock valued at $613,000 after purchasing an additional 1,694 shares during the last quarter. FDx Advisors Inc. boosted its position in General Motors by 4.9% during the third quarter. FDx Advisors Inc. now owns 67,813 shares of the auto manufacturer’s stock valued at $2,738,000 after purchasing an additional 3,156 shares during the last quarter. Finally, YHB Investment Advisors Inc. boosted its position in General Motors by 7.8% during the third quarter. YHB Investment Advisors Inc. now owns 67,800 shares of the auto manufacturer’s stock valued at $2,738,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.
Several research analysts recently commented on the company. Berenberg Bank set a $34.00 price target on General Motors and gave the company a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Nomura set a $45.00 price objective on General Motors and gave the company a “neutral” rating in a research note on Thursday, February 8th. Morgan Stanley upped their price objective on General Motors from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Finally, Vetr upgraded General Motors from a “strong sell” rating to a “sell” rating and set a $40.24 price objective on the stock in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.28.
Shares of General Motors (NYSE:GM) opened at $37.84 on Monday. The firm has a market capitalization of $53,091.14, a price-to-earnings ratio of -13.09, a price-to-earnings-growth ratio of 0.72 and a beta of 1.60. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. equities research analysts expect that General Motors will post 6.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio is presently -52.59%.
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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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