Achmea Investment Management B.V. reduced its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,112 shares of the auto manufacturer’s stock after selling 13,693 shares during the period. Achmea Investment Management B.V.’s holdings in General Motors were worth $5,725,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GM. State of Alaska Department of Revenue boosted its holdings in shares of General Motors by 28.4% in the second quarter. State of Alaska Department of Revenue now owns 210,019 shares of the auto manufacturer’s stock worth $8,274,000 after acquiring an additional 46,440 shares during the period. Gateway Investment Advisers LLC bought a new stake in General Motors during the second quarter valued at $2,505,000. Daiwa SB Investments Ltd. bought a new stake in General Motors during the second quarter valued at $277,000. NN Investment Partners Holdings N.V. boosted its stake in General Motors by 61.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 15,064 shares of the auto manufacturer’s stock valued at $594,000 after buying an additional 5,729 shares during the period. Finally, Nexus Investment Management Inc. bought a new stake in General Motors during the second quarter valued at $15,563,000. 73.90% of the stock is owned by hedge funds and other institutional investors.
NYSE GM opened at $35.70 on Friday. General Motors has a twelve month low of $30.56 and a twelve month high of $45.52. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market cap of $51.46 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.70 and a beta of 1.25.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The business had revenue of $35.79 billion for the quarter, compared to the consensus estimate of $34.85 billion. During the same quarter last year, the business posted $1.32 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that General Motors will post 6.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.26%. General Motors’s payout ratio is 22.96%.
GM has been the subject of several research analyst reports. Guggenheim reissued a “buy” rating and set a $52.00 price objective on shares of General Motors in a research note on Friday, July 20th. Piper Jaffray Companies set a $51.00 price objective on General Motors and gave the company a “buy” rating in a research note on Wednesday, July 25th. Citigroup dropped their price objective on General Motors to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Royal Bank of Canada dropped their price objective on General Motors from $53.00 to $49.00 and set an “outperform” rating for the company in a research note on Thursday, July 26th. Finally, Buckingham Research dropped their price objective on General Motors from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. General Motors presently has an average rating of “Buy” and an average target price of $46.38.
General Motors Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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