Oxford Financial Group Ltd. bought a new position in General Motors (NYSE:GM – Free Report) (TSE:GMM.U) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,310 shares of the auto manufacturer’s stock, valued at approximately $205,000.
A number of other large investors have also made changes to their positions in the company. Aspire Private Capital LLC purchased a new position in General Motors during the 1st quarter worth approximately $14,600,291,000. Resources Management Corp CT ADV acquired a new stake in shares of General Motors in the first quarter worth $166,000. Penserra Capital Management LLC raised its position in General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC purchased a new stake in General Motors in the 1st quarter worth about $25,000. Finally, JNBA Financial Advisors boosted its position in General Motors by 149.1% during the 2nd quarter. JNBA Financial Advisors now owns 730 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 437 shares during the period. Institutional investors and hedge funds own 79.62% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on GM. Tigress Financial reiterated a “strong-buy” rating and issued a $86.00 target price on shares of General Motors in a report on Friday, July 28th. Royal Bank of Canada increased their target price on shares of General Motors from $47.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Wells Fargo & Company lowered their price target on shares of General Motors from $33.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, October 3rd. UBS Group cut their price objective on General Motors from $44.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Finally, TheStreet downgraded General Motors from a “b-” rating to a “c+” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.67.
General Motors Stock Up 2.0 %
GM opened at $28.03 on Monday. The firm has a market cap of $38.39 billion, a P/E ratio of 3.94, a price-to-earnings-growth ratio of 0.40 and a beta of 1.48. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.14. The business has a 50 day moving average price of $30.35 and a 200 day moving average price of $33.76. General Motors has a twelve month low of $26.30 and a twelve month high of $43.63.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.41. The business had revenue of $44.13 billion during the quarter, compared to the consensus estimate of $42.48 billion. General Motors had a net margin of 5.83% and a return on equity of 16.01%. General Motors’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Research analysts forecast that General Motors will post 7.1 EPS for the current year.
General Motors Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. General Motors’s dividend payout ratio is presently 5.06%.
About General Motors
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.
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