Pekin Singer Strauss Asset Management IL boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 65,926 shares of the auto manufacturer’s stock after buying an additional 2,323 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in General Motors were worth $2,303,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Alpha Windward LLC boosted its stake in shares of General Motors by 0.4% in the first quarter. Alpha Windward LLC now owns 5,417 shares of the auto manufacturer’s stock worth $192,000 after buying an additional 21 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of General Motors by 0.8% in the first quarter. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer’s stock worth $184,000 after buying an additional 42 shares in the last quarter. Spectrum Asset Management Inc. NB CA boosted its stake in shares of General Motors by 1.5% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 6,850 shares of the auto manufacturer’s stock worth $242,000 after buying an additional 100 shares in the last quarter. Telemus Capital LLC boosted its stake in shares of General Motors by 1.3% in the first quarter. Telemus Capital LLC now owns 8,193 shares of the auto manufacturer’s stock worth $290,000 after buying an additional 102 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of General Motors by 1.8% in the second quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 76.02% of the company’s stock.

General Motors Company (GM) opened at 34.93 on Friday. The firm has a 50-day moving average price of $35.37 and a 200 day moving average price of $35.14. The company has a market capitalization of $50.90 billion, a P/E ratio of 6.07 and a beta of 1.45. General Motors Company has a 52-week low of $30.13 and a 52-week high of $38.55.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that General Motors Company will post $6.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is currently 26.48%.

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A number of research analysts recently weighed in on the company. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a report on Monday, July 31st. BidaskClub lowered General Motors from a “buy” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Finally, Royal Bank Of Canada boosted their target price on General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. General Motors currently has a consensus rating of “Hold” and a consensus price target of $39.26.

In other General Motors news, insider Karl-Thomas Neumann sold 46,472 shares of General Motors stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $32.84, for a total transaction of $1,526,140.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles K. Stevens III sold 16,000 shares of General Motors stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.80, for a total value of $572,800.00. Following the sale, the insider now directly owns 77,052 shares of the company’s stock, valued at approximately $2,758,461.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 369,001 shares of company stock valued at $12,827,204. Corporate insiders own 0.04% of the company’s stock.

About General Motors

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

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