BRYN MAWR TRUST Co reduced its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 23.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,143 shares of the auto manufacturer’s stock after selling 1,595 shares during the quarter. BRYN MAWR TRUST Co’s holdings in General Motors were worth $202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in General Motors by 29.6% in the 1st quarter. American Century Companies Inc. now owns 856,528 shares of the auto manufacturer’s stock valued at $31,126,000 after buying an additional 195,674 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new position in General Motors in the 1st quarter valued at about $207,000. Robeco Institutional Asset Management B.V. boosted its position in General Motors by 99.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 249,953 shares of the auto manufacturer’s stock valued at $9,085,000 after buying an additional 124,327 shares during the last quarter. Strategic Wealth Advisors Group LLC purchased a new position in General Motors in the 1st quarter valued at about $811,000. Finally, Sawtooth Solutions LLC purchased a new position in General Motors in the 1st quarter valued at about $522,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

A number of research firms have weighed in on GM. Zacks Investment Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Bank of America reissued a “buy” rating and issued a $60.00 price objective on shares of General Motors in a research report on Friday, June 15th. Morgan Stanley upped their price objective on shares of General Motors from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, June 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $58.00 price objective on shares of General Motors in a research report on Friday, June 1st. Finally, ValuEngine raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $47.26.

Shares of GM stock opened at $34.06 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.81. General Motors has a one year low of $33.44 and a one year high of $46.76. The stock has a market cap of $47.65 billion, a PE ratio of 5.15, a P/E/G ratio of 0.69 and a beta of 1.56.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 EPS for the quarter, topping the consensus estimate of $1.78 by $0.03. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The business had revenue of $36.80 billion for the quarter, compared to analysts’ expectations of $36.62 billion. During the same quarter last year, the company posted $1.89 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. analysts anticipate that General Motors will post 5.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.52 annualized dividend and a yield of 4.46%. General Motors’s dividend payout ratio (DPR) is 22.96%.

General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Recommended Story: Are Wall Street analysts’ stock ratings worth following?

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.