Virtu Financial LLC bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,261 shares of the auto manufacturer's stock, valued at approximately $1,329,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Bessemer Group Inc. raised its position in General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after acquiring an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in General Motors by 5.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 119,754 shares of the auto manufacturer's stock worth $6,372,000 after acquiring an additional 6,558 shares during the last quarter. Townsquare Capital LLC raised its position in General Motors by 14.4% during the fourth quarter. Townsquare Capital LLC now owns 82,000 shares of the auto manufacturer's stock worth $4,368,000 after acquiring an additional 10,307 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of General Motors in the fourth quarter valued at approximately $487,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.
General Motors Stock Up 2.7%
NYSE:GM traded up $1.47 during trading hours on Wednesday, reaching $55.63. 6,939,890 shares of the stock were exchanged, compared to its average volume of 10,069,054. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The stock has a market cap of $52.96 billion, a PE ratio of 8.83, a PEG ratio of 1.15 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a 50 day moving average of $51.18 and a 200 day moving average of $48.82.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the prior year, the business earned $3.06 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts expect that General Motors Company will post 11.44 earnings per share for the current year.
General Motors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio is 9.52%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research note on Monday, May 5th. Mizuho boosted their price objective on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Barclays upped their target price on shares of General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Bank of America cut their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.53.
Check Out Our Latest Analysis on General Motors
General Motors Company Profile
(
Free Report)
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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