ClariVest Asset Management LLC boosted its position in shares of General Motors Co. (NYSE:GM) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,660 shares of the auto manufacturer’s stock after buying an additional 400 shares during the period. ClariVest Asset Management LLC’s holdings in General Motors were worth $698,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Mariner Wealth Advisors LLC boosted its stake in shares of General Motors by 0.3% in the first quarter. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 20 shares in the last quarter. Concorde Asset Management LLC boosted its stake in shares of General Motors by 1.6% in the second quarter. Concorde Asset Management LLC now owns 10,082 shares of the auto manufacturer’s stock worth $286,000 after buying an additional 162 shares in the last quarter. Trust Co. of Oklahoma boosted its stake in shares of General Motors by 1.4% in the second quarter. Trust Co. of Oklahoma now owns 14,600 shares of the auto manufacturer’s stock worth $413,000 after buying an additional 200 shares in the last quarter. V Wealth Management LLC boosted its stake in shares of General Motors by 4.7% in the second quarter. V Wealth Management LLC now owns 7,941 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 355 shares in the last quarter. Finally, Gargoyle Investment Advisor L.L.C. boosted its stake in shares of General Motors by 0.4% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 97,288 shares of the auto manufacturer’s stock worth $2,753,000 after buying an additional 357 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.
General Motors Co. (NYSE:GM) traded up 1.14% during trading on Friday, reaching $31.87. The company had a trading volume of 11,105,611 shares. The stock has a 50 day moving average price of $31.75 and a 200 day moving average price of $30.89. The firm has a market capitalization of $49.78 billion, a price-to-earnings ratio of 4.08 and a beta of 1.65. General Motors Co. has a 12 month low of $26.69 and a 12 month high of $36.88.
General Motors (NYSE:GM) last issued its quarterly earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.35. General Motors had a return on equity of 23.96% and a net margin of 7.90%. The company had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts predict that General Motors Co. will post $5.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 19.46%.
A number of brokerages have weighed in on GM. Royal Bank Of Canada boosted their price objective on General Motors from $32.00 to $34.00 and gave the company a “sector perform” rating in a research note on Friday, July 22nd. Seaport Global Securities began coverage on General Motors in a research note on Tuesday, August 9th. They issued a “buy” rating and a $42.00 price objective for the company. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price on shares of General Motors in a report on Thursday, August 11th. Citigroup Inc. reissued a “buy” rating and issued a $50.00 target price on shares of General Motors in a report on Thursday, July 21st. Finally, Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $36.67.
In other news, VP Thomas S. Timko sold 6,250 shares of General Motors stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. Following the transaction, the vice president now directly owns 27,477 shares in the company, valued at approximately $877,615.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jane L. Mendillo purchased 1,600 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the completion of the transaction, the director now owns 1,600 shares in the company, valued at approximately $49,616. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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