Trust Co Has $1.42 Million Holdings in General Motors (GM)

Trust Co raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,116 shares of the auto manufacturer’s stock after buying an additional 1,990 shares during the period. Trust Co’s holdings in General Motors were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New England Research & Management Inc. purchased a new stake in shares of General Motors during the fourth quarter worth about $884,000. Polianta Ltd purchased a new stake in shares of General Motors during the fourth quarter worth about $1,102,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of General Motors during the fourth quarter worth about $1,763,000. Prudential Financial Inc. boosted its holdings in shares of General Motors by 10.6% during the third quarter. Prudential Financial Inc. now owns 5,129,445 shares of the auto manufacturer’s stock worth $207,126,000 after purchasing an additional 493,220 shares during the period. Finally, Atlantic Trust Group LLC boosted its holdings in shares of General Motors by 30.0% during the third quarter. Atlantic Trust Group LLC now owns 76,284 shares of the auto manufacturer’s stock worth $3,080,000 after purchasing an additional 17,604 shares during the period. Institutional investors and hedge funds own 73.01% of the company’s stock.

In other General Motors news, CFO Charles K. Stevens III sold 265,458 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the completion of the transaction, the chief financial officer now owns 326,510 shares of the company’s stock, valued at $14,526,429.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stefan Jacoby sold 37,961 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the transaction, the executive vice president now directly owns 98,340 shares of the company’s stock, valued at approximately $4,215,835.80. The disclosure for this sale can be found here. Insiders have sold 552,298 shares of company stock valued at $24,408,137 in the last ninety days. Insiders own 0.04% of the company’s stock.

GM has been the subject of a number of analyst reports. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price for the company. in a report on Monday, November 13th. Citigroup reiterated a “buy” rating and set a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cascend Securities lowered shares of General Motors to a “buy” rating in a report on Tuesday, December 5th. Finally, Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.80.

Shares of General Motors (GM) traded down $1.05 during midday trading on Thursday, hitting $43.00. 18,281,500 shares of the company’s stock were exchanged, compared to its average volume of 12,516,686. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The company has a market capitalization of $62,040.00, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. research analysts forecast that General Motors will post 6.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio is 32.90%.

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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.

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

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