Unigestion Holding SA Has $5 Million Position in General Motors (GM)

Unigestion Holding SA lessened its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 34.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,420 shares of the auto manufacturer’s stock after selling 77,974 shares during the quarter. Unigestion Holding SA’s holdings in General Motors were worth $4,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. TRUE Private Wealth Advisors bought a new stake in General Motors in the 3rd quarter worth $106,000. Qube Research & Technologies Ltd bought a new stake in General Motors in the 2nd quarter worth $115,000. MUFG Americas Holdings Corp bought a new stake in General Motors in the 2nd quarter worth $123,000. Patriot Financial Group Insurance Agency LLC grew its holdings in General Motors by 365.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,672 shares of the auto manufacturer’s stock worth $124,000 after acquiring an additional 2,883 shares during the last quarter. Finally, Kaizen Advisory LLC grew its holdings in General Motors by 163.6% in the 2nd quarter. Kaizen Advisory LLC now owns 3,298 shares of the auto manufacturer’s stock worth $130,000 after acquiring an additional 2,047 shares during the last quarter. Institutional investors own 73.90% of the company’s stock.

A number of brokerages have issued reports on GM. Guggenheim reissued a “buy” rating and issued a $52.00 price target on shares of General Motors in a report on Friday, July 20th. Citigroup cut their price target on shares of General Motors to $60.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Royal Bank of Canada cut their price target on shares of General Motors from $53.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, July 26th. Buckingham Research cut their price target on shares of General Motors from $39.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of General Motors from $58.00 to $54.00 and set an “overweight” rating on the stock in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.38.

Shares of GM opened at $35.70 on Friday. The stock has a market cap of $52.05 billion, a PE ratio of 5.46, a P/E/G ratio of 0.70 and a beta of 1.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.89. General Motors has a 1-year low of $30.56 and a 1-year high of $45.52.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.62. The firm had revenue of $35.79 billion for the quarter, compared to analyst estimates of $34.85 billion. General Motors had a net margin of 0.56% and a return on equity of 25.81%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 EPS. Research analysts expect that General Motors will post 6.17 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, December 6th. General Motors’s payout ratio is 22.96%.

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About General Motors

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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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