ETRADE Capital Management LLC Has $2.53 Million Holdings in General Motors Company (GM)
ETRADE Capital Management LLC reduced its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,536 shares of the auto manufacturer’s stock after selling 241 shares during the period. ETRADE Capital Management LLC’s holdings in General Motors were worth $2,534,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Swiss National Bank boosted its position in General Motors by 1.2% in the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock valued at $172,060,000 after buying an additional 56,500 shares during the last quarter. State of Tennessee Treasury Department boosted its position in General Motors by 0.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock valued at $28,839,000 after buying an additional 3,298 shares during the last quarter. Mosaic Family Wealth LLC boosted its position in General Motors by 9.9% in the 1st quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 900 shares during the last quarter. Intrust Bank NA boosted its position in General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after buying an additional 25 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in General Motors by 2.3% in the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock valued at $194,000 after buying an additional 125 shares during the last quarter. 72.21% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of General Motors from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday. Berenberg Bank set a $31.00 price objective on shares of General Motors and gave the company a “sell” rating in a research report on Monday, August 14th. BidaskClub raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Vetr raised shares of General Motors to a “strong-buy” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. General Motors presently has a consensus rating of “Buy” and an average price target of $39.11.
In other General Motors news, insider John J. Quattrone sold 15,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $35.00, for a total value of $525,000.00. Following the transaction, the insider now directly owns 42,623 shares in the company, valued at $1,491,805. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jane L. Mendillo purchased 1,440 shares of General Motors stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $34.86 per share, for a total transaction of $50,198.40. Following the completion of the transaction, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 614,947 shares of company stock worth $22,402,528. 0.04% of the stock is owned by company insiders.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. During the same period in the previous year, the business earned $1.86 EPS. The firm’s revenue was down 1.1% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.91%. General Motors’s dividend payout ratio (DPR) is currently 26.48%.
General Motors Company Profile
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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