Mitsubishi UFJ Securities Holdings Co. Ltd. Has $235,000 Stake in General Motors (GM)

Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 25.1% during the third quarter, HoldingsChannel.com reports. The firm owned 6,970 shares of the auto manufacturer’s stock after acquiring an additional 1,400 shares during the period. General Motors comprises 0.8% of Mitsubishi UFJ Securities Holdings Co. Ltd.’s investment portfolio, making the stock its 28th biggest holding. Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings in General Motors were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ally Financial Inc. acquired a new stake in General Motors in the 3rd quarter valued at $2,694,000. Wedbush Securities Inc. grew its stake in General Motors by 7.2% in the 3rd quarter. Wedbush Securities Inc. now owns 33,294 shares of the auto manufacturer’s stock valued at $1,121,000 after acquiring an additional 2,244 shares during the period. Brickley Wealth Management boosted its stake in General Motors by 176.5% during the 3rd quarter. Brickley Wealth Management now owns 14,100 shares of the auto manufacturer’s stock worth $475,000 after purchasing an additional 9,000 shares during the last quarter. Assetmark Inc. boosted its stake in General Motors by 3.0% during the 3rd quarter. Assetmark Inc. now owns 777,496 shares of the auto manufacturer’s stock worth $26,178,000 after purchasing an additional 22,700 shares during the last quarter. Finally, Ibex Investors LLC acquired a new stake in General Motors during the 3rd quarter worth $2,172,000. 74.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE GM traded down $1.04 during trading on Thursday, hitting $35.48. 131,193 shares of the company were exchanged, compared to its average volume of 12,351,447. General Motors has a 12-month low of $30.56 and a 12-month high of $45.52. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75. The firm has a market cap of $51.54 billion, a PE ratio of 5.37, a P/E/G ratio of 0.69 and a beta of 1.25.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 EPS for the quarter, topping the consensus estimate of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The business had revenue of $35.79 billion for the quarter, compared to analyst estimates of $34.85 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Research analysts expect that General Motors will post 6.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.28%. General Motors’s dividend payout ratio is presently 22.96%.

Several equities research analysts have issued reports on GM shares. Bank of America reaffirmed a “buy” rating and set a $60.00 target price on shares of General Motors in a research note on Wednesday, September 12th. Citigroup lowered their target price on shares of General Motors from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, November 16th. Nomura dropped coverage on shares of General Motors in a research note on Tuesday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $38.00 target price on shares of General Motors in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.74.

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General Motors Company Profile

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.

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

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