IFM Investors Pty Ltd Acquires 8,915 Shares of General Motors Company (GM)

IFM Investors Pty Ltd lifted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,823 shares of the auto manufacturer’s stock after buying an additional 8,915 shares during the period. IFM Investors Pty Ltd’s holdings in General Motors were worth $1,286,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GM. State of Alaska Department of Revenue bought a new stake in shares of General Motors in the first quarter valued at $103,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of General Motors in the first quarter valued at $106,000. FNY Managed Accounts LLC bought a new stake in shares of General Motors in the first quarter valued at $107,000. Ffcm LLC raised its stake in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 3,213 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in shares of General Motors by 171.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 3,262 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Shares of General Motors Company (NYSE:GM) traded up 0.55% during mid-day trading on Wednesday, reaching $38.10. The company’s stock had a trading volume of 4,129,717 shares. The firm has a market cap of $55.52 billion, a PE ratio of 6.62 and a beta of 1.44. The firm’s 50 day moving average is $35.73 and its 200 day moving average is $35.04. General Motors Company has a one year low of $30.21 and a one year high of $38.55.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that General Motors Company will post $6.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.01%. General Motors’s dividend payout ratio is presently 26.48%.

GM has been the topic of a number of research analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $44.00 target price on shares of General Motors in a research note on Wednesday, July 12th. Bank of America Corporation restated a “buy” rating and issued a $40.00 target price (down from $44.00) on shares of General Motors in a research note on Friday, June 16th. BidaskClub upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of General Motors in a report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and an average target price of $38.97.

In other news, insider John J. Quattrone sold 15,000 shares of General Motors stock in a transaction on Friday, June 30th. The shares were sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the sale, the insider now directly owns 42,623 shares of the company’s stock, valued at approximately $1,491,805. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patricia F. Russo acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of $34.73 per share, with a total value of $347,300.00. Following the completion of the transaction, the director now owns 12,300 shares in the company, valued at approximately $427,179. The disclosure for this purchase can be found here. Insiders sold a total of 330,673 shares of company stock valued at $11,590,746 in the last three months. 0.04% of the stock is currently owned by corporate insiders.

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About General Motors

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.

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

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