Krilogy Financial LLC Purchases 559 Shares of General Motors (NYSE:GM)

Krilogy Financial LLC raised its position in General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,759 shares of the auto manufacturer’s stock after acquiring an additional 559 shares during the period. Krilogy Financial LLC’s holdings in General Motors were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Capital International Investors grew its position in shares of General Motors by 218,225.9% in the fourth quarter. Capital International Investors now owns 13,682,486 shares of the auto manufacturer’s stock valued at $802,201,000 after purchasing an additional 13,676,219 shares in the last quarter. Norges Bank purchased a new position in shares of General Motors in the fourth quarter valued at $711,435,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of General Motors by 295.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,074,338 shares of the auto manufacturer’s stock valued at $469,360,000 after purchasing an additional 6,034,872 shares in the last quarter. Vanguard Group Inc. grew its position in shares of General Motors by 2.4% in the first quarter. Vanguard Group Inc. now owns 105,196,379 shares of the auto manufacturer’s stock valued at $4,601,291,000 after purchasing an additional 2,472,288 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of General Motors by 1,257.3% in the first quarter. Renaissance Technologies LLC now owns 2,368,500 shares of the auto manufacturer’s stock valued at $103,598,000 after purchasing an additional 2,194,000 shares in the last quarter. 79.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GM. Barclays restated a “buy” rating and set a $52.00 target price on shares of General Motors in a research report on Friday, July 1st. Wedbush reduced their target price on General Motors from $50.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Wolfe Research boosted their target price on General Motors from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 6th. Citigroup reduced their target price on General Motors from $98.00 to $87.00 in a research report on Wednesday, June 1st. Finally, Daiwa Capital Markets reduced their target price on General Motors to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $55.78.

General Motors Trading Down 0.8 %

Shares of General Motors stock opened at $37.38 on Friday. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.56 and a beta of 1.23. General Motors has a twelve month low of $30.33 and a twelve month high of $67.21. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $37.90 and a 200-day moving average price of $38.02.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 26th. The auto manufacturer reported $1.14 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.25). The company had revenue of $35.76 billion during the quarter, compared to analysts’ expectations of $34.35 billion. General Motors had a return on equity of 13.82% and a net margin of 6.66%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.97 EPS. Equities research analysts anticipate that General Motors will post 6.79 EPS for the current fiscal year.

General Motors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.09 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.36 annualized dividend and a yield of 0.96%. General Motors’s dividend payout ratio is currently 6.83%.

About General Motors

(Get Rating)

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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

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