Ameritas Investment Partners Inc. Maintains Position in General Motors Company (GM)
Ameritas Investment Partners Inc. continued to hold its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,357 shares of the auto manufacturer’s stock at the close of the second quarter. Ameritas Investment Partners Inc.’s holdings in General Motors were worth $1,095,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after acquiring an additional 860 shares during the period. Franklin Parlapiano Turner & Welch LLC bought a new position in General Motors during the 1st quarter worth $106,000. FNY Managed Accounts LLC bought a new position in General Motors during the 1st quarter worth $107,000. State of Alaska Department of Revenue increased its stake in General Motors by 10.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares during the period. Finally, Ffcm LLC increased its stake in General Motors by 2,008.1% during the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares during the period. Institutional investors own 72.21% of the company’s stock.
General Motors Company (GM) opened at 45.12 on Thursday. The firm has a market capitalization of $65.75 billion, a P/E ratio of 7.84 and a beta of 1.45. General Motors Company has a one year low of $30.21 and a one year high of $46.11. The firm’s 50-day moving average price is $40.78 and its 200 day moving average price is $36.13.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analysts’ expectations of $37.67 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that General Motors Company will post $6.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.37%. General Motors’s dividend payout ratio (DPR) is currently 26.48%.
A number of equities analysts have commented on the company. UBS AG restated a “buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Buckingham Research restated a “hold” rating on shares of General Motors in a research note on Thursday, August 24th. BidaskClub lowered General Motors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered General Motors from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $43.00 price objective (up previously from $40.00) on shares of General Motors in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $42.50.
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In related news, Director Patricia F. Russo acquired 10,000 shares of General Motors stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of $34.73 per share, with a total value of $347,300.00. Following the completion of the purchase, the director now owns 12,300 shares of the company’s stock, valued at $427,179. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas S. Timko sold 17,255 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the transaction, the vice president now directly owns 26,100 shares in the company, valued at $934,119. The disclosure for this sale can be found here. Insiders have sold 852,901 shares of company stock worth $32,378,733 over the last ninety days. 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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