Psagot Investment House Ltd. lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 115.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 132,015 shares of the auto manufacturer’s stock after purchasing an additional 70,841 shares during the period. Psagot Investment House Ltd.’s holdings in General Motors were worth $4,898,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Signet Investment Advisory Group Inc. acquired a new position in General Motors in the fourth quarter valued at $26,000. NuWave Investment Management LLC increased its stake in General Motors by 198.6% in the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 588 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. Advisors Preferred LLC bought a new stake in General Motors in the fourth quarter valued at $31,000. Finally, Liberty Wealth Management LLC bought a new stake in General Motors in the fourth quarter valued at $30,000. Institutional investors own 77.54% of the company’s stock.
In other news, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the sale, the insider now directly owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dhivya Suryadevara sold 34,756 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $37.40, for a total transaction of $1,299,874.40. Following the sale, the chief financial officer now directly owns 10,741 shares of the company’s stock, valued at $401,713.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,521 shares of company stock valued at $4,337,346. 0.39% of the stock is currently owned by insiders.
NYSE:GM opened at $39.68 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.71. The stock has a market cap of $56.38 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.69 and a beta of 1.27. General Motors has a one year low of $30.56 and a one year high of $45.00.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. The company had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, equities analysts predict that General Motors will post 6.47 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price target on shares of General Motors in a research note on Tuesday, March 26th. Zacks Investment Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BMO Capital Markets lifted their price target on shares of General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, January 14th. Barclays reaffirmed a “buy” rating and issued a $49.00 price target on shares of General Motors in a research note on Monday, January 14th. Finally, Buckingham Research set a $34.00 price target on shares of General Motors and gave the company a “hold” rating in a research note on Friday, January 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. General Motors presently has an average rating of “Buy” and a consensus price target of $47.20.
General Motors Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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