Circle Wealth Management LLC increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 33.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,894 shares of the auto manufacturer’s stock after purchasing an additional 3,201 shares during the period. Circle Wealth Management LLC’s holdings in General Motors were worth $529,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Nationwide Fund Advisors grew its position in General Motors by 1.0% during the third quarter. Nationwide Fund Advisors now owns 681,057 shares of the auto manufacturer’s stock valued at $27,501,000 after acquiring an additional 6,425 shares during the period. Victory Capital Management Inc. grew its position in General Motors by 17.4% during the third quarter. Victory Capital Management Inc. now owns 211,515 shares of the auto manufacturer’s stock valued at $8,541,000 after acquiring an additional 31,374 shares during the period. Bessemer Group Inc. grew its position in General Motors by 12.6% during the third quarter. Bessemer Group Inc. now owns 15,173 shares of the auto manufacturer’s stock valued at $613,000 after acquiring an additional 1,694 shares during the period. Intrust Bank NA grew its position in General Motors by 32.7% during the third quarter. Intrust Bank NA now owns 9,519 shares of the auto manufacturer’s stock valued at $384,000 after acquiring an additional 2,345 shares during the period. Finally, AllSquare Wealth Management LLC purchased a new stake in General Motors during the third quarter valued at about $222,000. 73.61% of the stock is owned by institutional investors and hedge funds.
In other General Motors news, insider Mark L. Reuss sold 30,000 shares of the company’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 transaction of $1,292,700.00. Following the sale, the insider now owns 103,052 shares in the company, valued at $4,440,510.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,289,848 shares of company stock worth $1,600,694,061. Insiders own 0.04% of the company’s stock.
General Motors (NYSE:GM) opened at $37.83 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a market capitalization of $53,091.14, a PE ratio of 5.77, a P/E/G ratio of 0.72 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. analysts forecast that General Motors will post 6.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is -52.59%.
TRADEMARK VIOLATION NOTICE: This article was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2018/03/13/general-motors-gm-stake-raised-by-circle-wealth-management-llc.html.
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.
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.