NWQ Investment Management Company LLC lowered its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,566,499 shares of the auto manufacturer’s stock after selling 279,449 shares during the period. NWQ Investment Management Company LLC owned approximately 0.11% of General Motors worth $64,211,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GM. Nationwide Fund Advisors grew its stake in General Motors by 1.0% in the third quarter. Nationwide Fund Advisors now owns 681,057 shares of the auto manufacturer’s stock valued at $27,501,000 after acquiring an additional 6,425 shares during the period. Victory Capital Management Inc. grew its stake in General Motors by 17.4% in the third quarter. Victory Capital Management Inc. now owns 211,515 shares of the auto manufacturer’s stock valued at $8,541,000 after acquiring an additional 31,374 shares during the period. Bessemer Group Inc. grew its stake in General Motors by 12.6% in the third quarter. Bessemer Group Inc. now owns 15,173 shares of the auto manufacturer’s stock valued at $613,000 after acquiring an additional 1,694 shares during the period. FDx Advisors Inc. grew its stake in General Motors by 4.9% in the third quarter. FDx Advisors Inc. now owns 67,813 shares of the auto manufacturer’s stock valued at $2,738,000 after acquiring an additional 3,156 shares during the period. Finally, YHB Investment Advisors Inc. grew its stake in General Motors by 7.8% in the third quarter. YHB Investment Advisors Inc. now owns 67,800 shares of the auto manufacturer’s stock valued at $2,738,000 after acquiring an additional 4,900 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on GM shares. Evercore ISI raised their price objective on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Cascend Securities cut General Motors to a “buy” rating in a research note on Tuesday, December 5th. Bank of America reissued a “buy” rating and issued a $57.00 price objective on shares of General Motors in a research note on Tuesday, November 28th. Guggenheim raised General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Monday, November 20th. Finally, Deutsche Bank reissued a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $44.28.
General Motors (NYSE GM) opened at $37.88 on Monday. The stock has a market capitalization of $53,091.14, a P/E ratio of -13.09, a P/E/G ratio of 0.72 and a beta of 1.60. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. General Motors’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. research analysts forecast that General Motors will post 6.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. General Motors’s dividend payout ratio (DPR) is currently -52.59%.
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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.
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