Private Trust Co. NA Grows Holdings in General Motors Company $GM

Private Trust Co. NA grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,519 shares of the auto manufacturer’s stock after purchasing an additional 253 shares during the period. Private Trust Co. NA’s holdings in General Motors were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of General Motors by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after buying an additional 316,196 shares during the period. Invesco Ltd. increased its stake in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after buying an additional 594,217 shares during the period. AQR Capital Management LLC increased its stake in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after buying an additional 8,012,743 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after buying an additional 1,910,186 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $57.95 on Tuesday. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The stock’s 50-day moving average is $58.13 and its 200 day moving average is $52.24. The company has a market cap of $55.17 billion, a P/E ratio of 9.20, a PEG ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the company earned $3.06 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on GM shares. Jefferies Financial Group raised their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, October 6th. Benchmark started coverage on General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 price target on the stock. CLSA upgraded General Motors to a “moderate buy” rating in a research note on Monday, July 7th. Wedbush restated an “outperform” rating and set a $65.00 price target on shares of General Motors in a research note on Thursday, October 16th. Finally, Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 136,161 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president directly owned 131,036 shares of the company’s stock, valued at approximately $7,877,884.32. This represents a 50.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last three months. Insiders own 0.54% of the company’s stock.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.