HPM Partners LLC raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 148,000 shares of the auto manufacturer’s stock after purchasing an additional 5,043 shares during the period. HPM Partners LLC’s holdings in General Motors were worth $6,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in GM. Franklin Resources Inc. increased its holdings in General Motors by 26.7% in the 4th quarter. Franklin Resources Inc. now owns 21,868,641 shares of the auto manufacturer’s stock valued at $896,398,000 after buying an additional 4,611,023 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in General Motors by 154.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,923,200 shares of the auto manufacturer’s stock valued at $242,792,000 after buying an additional 3,594,700 shares during the period. Renaissance Technologies LLC increased its holdings in General Motors by 171.3% in the 4th quarter. Renaissance Technologies LLC now owns 5,310,000 shares of the auto manufacturer’s stock valued at $217,657,000 after buying an additional 3,352,900 shares during the period. SG Americas Securities LLC increased its holdings in General Motors by 4,992.3% in the 4th quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock valued at $121,443,000 after buying an additional 2,904,565 shares during the period. Finally, APG Asset Management N.V. increased its holdings in General Motors by 807.4% in the 4th quarter. APG Asset Management N.V. now owns 2,597,441 shares of the auto manufacturer’s stock valued at $88,665,000 after buying an additional 2,311,204 shares during the period. 72.96% of the stock is currently owned by hedge funds and other institutional investors.
In other General Motors news, CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction dated 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 owns 33,519 shares of the company’s stock, valued at approximately $1,409,809.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the sale, the insider now directly owns 57,091 shares in the company, valued at approximately $2,569,095. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,289,848 shares of company stock worth $1,600,694,061. Insiders own 0.04% of the company’s stock.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $34.28 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue was down 7.7% on a year-over-year basis. equities analysts forecast that General Motors will post 6.25 earnings per share for the current year.
The business also recently disclosed 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 4.02%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio is currently -52.59%.
Several equities research analysts have issued reports on GM shares. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target on the stock. in a report on Monday, November 13th. Deutsche Bank reissued a “buy” rating on shares of General Motors in a report on Friday, November 17th. Guggenheim raised shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday, November 20th. Bank of America reissued a “buy” rating and issued a $57.00 price target on shares of General Motors in a report on Tuesday, November 28th. Finally, Morgan Stanley reissued a “hold” rating and issued a $43.00 price target on shares of General Motors in a report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.28.
ILLEGAL ACTIVITY WARNING: “HPM Partners LLC Has $6.07 Million Holdings in General Motors (GM)” was published by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3255896/hpm-partners-llc-has-6-07-million-holdings-in-general-motors-gm.html.
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.
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.