According to the most recent report Barclays PLC filed with the SEC, the company’s stake in General Motors (NYSE: GM) (TSE: GMM.U) increased by 16.5% during the third quarter. The investment fund finished the trading day with a total holding of 3,328,333 shares of the automaker’s stock. This was after the fund had purchased an additional 470,834 shares during the previous period. Barclays PLC disclosed to the Securities and Exchange Commission (SEC) in its most recent filing that the company owns approximately 0.23% of General Motors for a total value of $106,808,000.
Other significant investors in the company have recently made changes to the proportion of ownership that they hold in the company. Price T. Rowe Associates Inc. increased the percentage of its holdings in General Motors by 198.7% during the year’s second quarter. After making additional purchases totaling 6,290,657 shares during the most recent fiscal quarter, Price T. Rowe Associates Inc. (MD) now owns 9,456,923 shares of the automaker’s stock, which have a combined value of $300,352,000. This brings the total number of shares owned by the investment firm to 9,456,923. The total value of Renaissance Technologies LLC’s holdings in General Motors increased by 191.2 percent during the second quarter. After purchasing an additional 4,528,500 shares during the most recent quarter, Renaissance Technologies LLC now has 6,897,000 shares in the automaker. These shares are currently worth a total of $219,049,000 as of right now. Fifth Division Ltd. made a fresh investment worth about 72,013,000 dollars in General Motors during the second quarter. Franklin Resources Inc. increased the percentage of ownership it held in General Motors by 19.5% during the second quarter of the current fiscal year. After acquiring an additional 1,880,483 shares of the automaker’s stock during the most recent quarter, Franklin Resources Inc. now owns 11,512,388 shares of the company’s stock. The price per share of the stock is currently $365,631,000. Finally, during the second quarter, AQR Capital Management LLC saw a 122.0% increase in the number of shares of General Motors that it had in its portfolio. AQR Capital Management LLC now owns a total of 2,931,874 shares of the company’s stock, which has a value of $92,530,000 after purchasing an additional 1,611,360 shares of the automaker’s stock during the most recent quarter. These shares were purchased during the most recent quarter. At present, institutional investors and hedge funds collectively control 78.92% of the total number of shares issued by the company.
Recent months have seen an uptick in the number of brokerage firms that have expressed an interest in buying shares of General Motors. In a research note published on Thursday, October 27th, StockNews.com altered the rating it had previously assigned to shares of General Motors from a “hold” rating to a “buy” rating. Morgan Stanley increased their target price on General Motors stock from $30.00 to $32.00 in a research report published on Wednesday, October 26th. Additionally, an “equal weight” rating was given to the stock by the company. JPMorgan Chase & Co. increased their target price on General Motors stock from $58.00 to $59.00 and assigned the stock an “overweight” rating in a research report that was made public on October 26th. In a research note published on Thursday, October 27th, Daiwa Capital Markets announced that they would increase their price objective for General Motors stock to $38.00. In a research report released on Wednesday, October 26th, Deutsche Bank Aktiengesellschaft moved General Motors from a “buy” rating to a “hold” rating. The last and most significant modification was made here. One of the analysts who follow the company has suggested selling the stock, while seven others have given it a rating of “hold,” and fourteen others have given it a rating of “buy.” The website Bloomberg.com has given the firm an average rating of “Moderate Buy,” and the website’s consensus price target is $51.74.
On Thursday, GM opened for trade at $36.44 per share. There is currently a quick ratio of 0.95, a current ratio of 1.14, and a debt-to-equity ratio of 1.11. All of these figures are current as of right now. During the past 52 weeks, the lowest price that General Motors has reached is $30.33, while its highest price is $59.84. The company’s moving average price over the previous fifty days is $37.36, and the moving average price over the previous two hundred days is $36.77. The P/E ratio of the stock is 6.18, the P/E growth rate is 0.63, and the stock’s beta value is 1.33. The company currently has a market capitalization of $51.77 billion.
Tuesday, October 25th, saw the release of the quarterly earnings report for General Motors (NYSE: GM) (TSE: GMM.U). The automaker reported quarterly profits of $2.25 per share, which is $0.36 higher than the average estimated $1.89 per share by analysts in the relevant industry. The return on equity for General Motors came in at 14.88%, while the company’s net margin was 6.57%. These are the numbers that were reported. The company’s sales for the quarter came in at $41.89 billion, which is lower than the $42.05 billion that analysts had anticipated the company’s sales would be. The company’s earnings per share came in at $1.52, comparable to what it was during the same period in the previous year. General Motors saw a 56.4% increase in quarterly revenue compared to the previous year. Sell-side analysts have predicted that General Motors will finish the current fiscal year with 7.11 cents per share earnings. The company provided these estimates.
In addition, the business recently announced a quarterly dividend, which was paid out on December 15th. On Friday, December 2nd, shareholders who were on the books as of Friday received a dividend payment of $0.09 per share. This results in a dividend payment of $0.36 per year and an investment yield of 0.90%. The dividend was distributed to the company’s shareholders on the first Thursday of December. Currently, 6.10 percent of GM’s revenue is being distributed to shareholders.
North America, Asia Pacific, the Middle East, Africa, South America, and China are some regions where the General Motors Company develops, produces, and markets cars, crossovers, trucks, and auto parts and accessories. Other regions in which the company operates include the Pacific Rim, the Middle East, and Africa. There is only one region in which the company does not have any operations: China. GM North America, GM International, Cruise, and GM Financial are the various divisions that make up the larger corporation known as General Motors.
Discussion about this post