Daiwa SB Investments Ltd. Increases Holdings in General Motors (GM)

Daiwa SB Investments Ltd. boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 852.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,430 shares of the auto manufacturer’s stock after acquiring an additional 4,860 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in General Motors were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its position in General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after acquiring an additional 860 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in General Motors during the 3rd quarter worth about $119,000. Ropes Wealth Advisors LLC boosted its position in General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after acquiring an additional 3,248 shares during the period. Fayez Sarofim & Co. acquired a new stake in General Motors during the 3rd quarter worth about $202,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in General Motors during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.

Shares of General Motors (NYSE GM) opened at $44.07 on Friday. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $62,600.00, a P/E ratio of 9.54, a P/E/G ratio of 0.82 and a beta of 1.55.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.45%. General Motors’s dividend payout ratio (DPR) is currently 32.90%.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group raised their price objective on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Citigroup restated a “buy” rating and set a $53.00 price objective on shares of General Motors in a research report on Monday, October 2nd. Goldman Sachs Group lowered General Motors from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $43.16 to $32.00 in a research report on Monday, October 30th. Finally, Guggenheim upgraded General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.29.

In related news, insider Mark L. Reuss sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the sale, the insider now directly owns 103,052 shares in the company, valued at approximately $4,440,510.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at $2,971,617.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 552,298 shares of company stock valued at $24,408,137. Corporate insiders own 0.04% of the company’s stock.

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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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