Mn Services Vermogensbeheer B.V. lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,423 shares of the auto manufacturer’s stock after purchasing an additional 3,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in General Motors were worth $8,103,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. acquired a new position in General Motors in the 4th quarter valued at about $26,000. NuWave Investment Management LLC grew its stake in General Motors by 198.6% in the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in General Motors by 63.0% in the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 346 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $31,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $30,000. Institutional investors own 77.34% of the company’s stock.
A number of research analysts have issued reports on GM shares. Seaport Global Securities started coverage on shares of General Motors in a research report on Wednesday, February 13th. They set a “buy” rating on the stock. Citigroup increased their target price on shares of General Motors to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. Nomura set a $42.00 target price on shares of General Motors and gave the stock a “hold” rating in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of General Motors in a research report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $47.60.
Shares of General Motors stock opened at $37.40 on Thursday. The company has a market cap of $51.86 billion, a PE ratio of 5.72, a PEG ratio of 0.62 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 30th. The auto manufacturer reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.32. The business had revenue of $34.88 billion during the quarter, compared to the consensus estimate of $35.56 billion. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. On average, research analysts forecast that General Motors will post 6.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Thursday, June 6th. General Motors’s payout ratio is 23.24%.
In related news, Director Wesley G. Bush acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $38.58 per share, with a total value of $385,800.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Dhivya Suryadevara sold 34,756 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $37.40, for a total transaction of $1,299,874.40. Following the completion of the transaction, the chief financial officer now directly owns 10,741 shares of the company’s stock, valued at approximately $401,713.40. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.americanbankingnews.com/2019/05/16/general-motors-gm-stake-lifted-by-mn-services-vermogensbeheer-b-v.html.
About General Motors
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
See Also: Understanding Analyst Recommendations
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.