Kovitz Investment Group Partners LLC Has $80.01 Million Holdings in General Motors (GM)

Kovitz Investment Group Partners LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,951,941 shares of the auto manufacturer’s stock after selling 55,906 shares during the period. General Motors accounts for 3.4% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 7th largest position. Kovitz Investment Group Partners LLC owned approximately 0.14% of General Motors worth $80,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. increased its position in shares of General Motors by 26.7% during the fourth quarter. Franklin Resources Inc. now owns 21,868,641 shares of the auto manufacturer’s stock valued at $896,398,000 after acquiring an additional 4,611,023 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after acquiring an additional 331,621 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of General Motors by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,020,001 shares of the auto manufacturer’s stock valued at $451,709,000 after acquiring an additional 110,658 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of General Motors by 5.5% during the third quarter. Janus Henderson Group PLC now owns 10,815,151 shares of the auto manufacturer’s stock valued at $436,729,000 after acquiring an additional 567,980 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of General Motors by 0.7% during the third quarter. Legal & General Group Plc now owns 7,828,786 shares of the auto manufacturer’s stock valued at $316,139,000 after acquiring an additional 56,115 shares in the last quarter. 73.55% of the stock is owned by institutional investors and hedge funds.

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Several brokerages recently weighed in on GM. Vetr downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $41.50 price target for the company. in a research report on Thursday. Goldman Sachs set a $31.00 price target on shares of General Motors and gave the company a “sell” rating in a research report on Tuesday. TheStreet downgraded shares of General Motors from a “b” rating to a “c+” rating in a research report on Tuesday, March 27th. Morgan Stanley reissued an “equal weight” rating and set a $45.00 price target (up previously from $44.00) on shares of General Motors in a research report on Wednesday, March 14th. Finally, JPMorgan Chase reissued an “overweight” rating and set a $55.00 price target (down previously from $56.00) on shares of General Motors in a research report on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Buy” and an average price target of $44.65.

In other news, CAO Thomas S. Timko sold 8,461 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total transaction of $355,869.66. Following the sale, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the sale, the insider now owns 57,091 shares in the company, valued at $2,569,095. The disclosure for this sale can be found here. Insiders have sold a total of 40,294,848 shares of company stock worth $1,600,664,861 in the last quarter. Corporate insiders own 0.04% of the company’s stock.

Shares of General Motors stock opened at $37.68 on Friday. The firm has a market cap of $53,357.72, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.73 and a beta of 1.63. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. equities analysts expect that General Motors will post 6.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Thursday, March 8th. General Motors’s dividend payout ratio is presently 22.96%.

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About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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