8,314 Shares in General Motors (NYSE:GM) Purchased by Mission Wealth Management LP

Mission Wealth Management LP purchased a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,314 shares of the auto manufacturer’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GM. Public Employees Retirement Association of Colorado grew its stake in General Motors by 9.2% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 238,520 shares of the auto manufacturer’s stock valued at $4,956,000 after acquiring an additional 20,070 shares in the last quarter. APG Asset Management N.V. grew its stake in General Motors by 33.0% during the 1st quarter. APG Asset Management N.V. now owns 3,864,339 shares of the auto manufacturer’s stock valued at $80,301,000 after acquiring an additional 958,460 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in General Motors by 12,035.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,097 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 5,055 shares in the last quarter. BDO Wealth Advisors LLC grew its stake in General Motors by 25.3% during the 1st quarter. BDO Wealth Advisors LLC now owns 9,320 shares of the auto manufacturer’s stock valued at $194,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Engineers Gate Manager LP grew its stake in General Motors by 443.2% during the 1st quarter. Engineers Gate Manager LP now owns 142,263 shares of the auto manufacturer’s stock valued at $2,956,000 after acquiring an additional 116,074 shares in the last quarter. 77.17% of the stock is currently owned by hedge funds and other institutional investors.

GM has been the subject of several research reports. UBS Group lifted their price target on General Motors from $27.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price target on General Motors from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price target on General Motors from $33.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. Citigroup boosted their target price on General Motors from $53.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Royal Bank of Canada boosted their target price on General Motors from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.38.

Shares of GM stock opened at $33.45 on Friday. General Motors has a 12 month low of $14.32 and a 12 month high of $38.96. The firm has a market cap of $47.87 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.45. The stock has a 50 day moving average of $30.62 and a 200-day moving average of $26.53. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 2.00.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, July 29th. The auto manufacturer reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($1.72) by $1.22. General Motors had a return on equity of 6.27% and a net margin of 1.46%. The company had revenue of $16.80 billion during the quarter, compared to analyst estimates of $16.93 billion. During the same period in the previous year, the company earned $1.64 earnings per share. The company’s quarterly revenue was down 53.4% compared to the same quarter last year. As a group, equities analysts predict that General Motors will post 2.51 EPS for the current fiscal year.

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

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