ArrowMark Colorado Holdings LLC trimmed its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 214,740 shares of the auto manufacturer’s stock after selling 24,925 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in General Motors were worth $8,802,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Advent Capital Management DE grew its holdings in shares of General Motors by 30.6% in the fourth quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock valued at $8,138,000 after purchasing an additional 46,541 shares in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of General Motors by 181.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after purchasing an additional 1,166,696 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of General Motors by 2.3% in 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 purchasing an additional 331,621 shares in the last quarter. Lehman Financial Resources Inc. grew its holdings in shares of General Motors by 6.4% in the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after purchasing an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of General Motors in the third quarter valued at approximately $701,000. 72.96% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total value of $2,269,935.00. Following the completion of the sale, the insider now owns 57,091 shares in the company, valued at approximately $2,569,095. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,289,848 shares of company stock valued at $1,600,694,061. Company insiders own 0.04% of the company’s stock.
General Motors (NYSE:GM) opened at $37.84 on Friday. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. The stock has a market cap of $53,000.00, a price-to-earnings ratio of 7.35, a PEG ratio of 0.72 and a beta of 1.60.
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, beating the consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. sell-side analysts expect that General Motors will post 6.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, March 8th. General Motors’s payout ratio is 29.51%.
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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