Lake Street Advisors Group LLC purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,434 shares of the auto manufacturer’s stock, valued at approximately $387,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advent Capital Management DE lifted its position in General Motors by 30.6% in the 4th quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock valued at $8,138,000 after acquiring an additional 46,541 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in General Motors by 181.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after buying an additional 1,166,696 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in General Motors in the 3rd quarter valued at about $701,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake 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 last quarter. 73.54% 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 General Motors stock in a transaction that occurred 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 transaction, the insider now directly owns 57,091 shares in the company, valued at approximately $2,569,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark L. Reuss sold 30,000 shares of General Motors stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the transaction, the insider now owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The disclosure for this sale can be found here. Insiders sold a total of 40,289,848 shares of company stock valued at $1,600,694,061 over the last quarter. 0.04% of the stock is owned by company insiders.
GM stock opened at $36.89 on Wednesday. General Motors has a one year low of $31.92 and a one year high of $46.76. The firm has a market cap of $51,926.62, a P/E ratio of 5.64, a P/E/G ratio of 0.71 and a beta of 1.60. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating 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 business had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. During the same period in the previous year, the business earned $1.28 EPS. General Motors’s revenue was down 7.7% compared to the same quarter last year. equities analysts predict that General Motors will post 6.25 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. General Motors’s dividend payout ratio is -52.59%.
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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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