General Motors (GM) Holdings Cut by Golub Group LLC

Golub Group LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949,087 shares of the auto manufacturer’s stock after selling 30,105 shares during the quarter. General Motors accounts for 3.5% of Golub Group LLC’s portfolio, making the stock its 10th largest position. Golub Group LLC’s holdings in General Motors were worth $38,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GM. Fieldpoint Private Securities LLC bought a new stake in shares of General Motors during the third quarter worth $119,000. Cerebellum GP LLC bought a new stake in shares of General Motors during the fourth quarter worth $123,000. Independence Bank of Kentucky bought a new stake in shares of General Motors during the fourth quarter worth $129,000. Stumpf Capital Management LLC bought a new stake in shares of General Motors during the fourth quarter worth $131,000. Finally, Hoertkorn Richard Charles bought a new stake in shares of General Motors during the fourth quarter worth $135,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

Several brokerages have recently commented on GM. Berenberg Bank set a $34.00 target price on General Motors and gave the stock a “sell” rating in a report on Wednesday, February 7th. Nomura set a $45.00 target price on General Motors and gave the stock a “neutral” rating in a report on Thursday, February 8th. Morgan Stanley increased their target price on General Motors from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Jefferies Group increased their target price on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $44.44.

General Motors (GM) opened at $40.77 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The stock has a market capitalization of $57,634.07, a PE ratio of -14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.59.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter last year, the business earned $1.28 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. sell-side analysts expect that General Motors will post 6.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is currently -52.59%.

In other General Motors news, EVP Mark L. Reuss sold 165,944 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $41.85, for a total transaction of $6,944,756.40. Following the transaction, the executive vice president now owns 369,878 shares in the company, valued at $15,479,394.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Charles K. Stevens III sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $40.88, for a total value of $1,430,800.00. Following the transaction, the chief financial officer now owns 26,052 shares in the company, valued at approximately $1,065,005.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,252 shares of company stock worth $16,094,534. Company insiders own 0.04% of the company’s stock.

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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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