WINTON GROUP Ltd Invests $1.39 Million in General Motors (GM) Stock

WINTON GROUP Ltd acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 34,486 shares of the auto manufacturer’s stock, valued at approximately $1,393,000.

A number of other institutional investors also recently bought and sold shares of GM. YorkBridge Wealth Partners LLC increased its stake 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. State of Alaska Department of Revenue increased its stake in General Motors by 10.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares during the period. Ffcm LLC increased its stake in General Motors by 2,008.1% during the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares during the period. Ropes Wealth Advisors LLC increased its stake 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. Finally, Fayez Sarofim & Co. bought a new position in General Motors during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 73.06% of the company’s stock.

Shares of General Motors (GM) opened at $42.70 on Tuesday. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The company has a market capitalization of $60,779.26, a PE ratio of 6.91, a P/E/G ratio of 0.74 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business 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 posted $1.72 EPS. The firm’s revenue was down 16.6% compared to the same quarter last year. equities analysts anticipate that General Motors will post 6.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, December 7th. General Motors’s payout ratio is 77.95%.

GM has been the topic of a number of recent research reports. Berenberg Bank set a $31.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Monday, August 14th. BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Buckingham Research reaffirmed a “hold” rating on shares of General Motors in a report on Thursday, August 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Finally, Standpoint Research downgraded General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $43.70.

In other General Motors news, insider Alan S. Batey sold 234,274 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the completion of the sale, the insider now directly owns 67,548 shares of the company’s stock, valued at approximately $2,569,525.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Insiders sold a total of 971,122 shares of company stock valued at $40,627,952 over the last ninety days. 0.04% of the stock is currently owned by corporate insiders.

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General Motors Company 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.

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

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