According to the most recent report that the company has submitted to the Securities and Exchange Commission, Thompson, Siegel & Walmsley LLC was able to increase the proportion of its holdings in General Motors (NYSE: GM) (TSE: GMM.U) by 44.1% over the third quarter (SEC).
After completing those transactions, the institutional investor became the owner of 120,000 shares of the automaker’s stock.
In addition to that, they bought an additional 36,700 shares during that period.
At the end of the most recent accounting period, Thompson, Siegel & Walmsley LLC owned a piece of property with an estimated value of $3,851,000, known as General Motors.
GM has been the subject of much research and analyst work.
Barclays’ research study on General Motors was made available to the public for the first time on February 14, a Tuesday.
They gave the company an “equal weight” rating and concluded that the price target should be $46.00.
Tigress Financial reaffirmed a “strong-buy” rating on shares of General Motors in a report published on Tuesday, February 21.
The brokerage also established a price objective of $80.00 for the company’s stock simultaneously.
A research report published on Monday, January 30, indicated that the “buy” rating assigned to General Motors had been changed to a “hold” rating and that the price objective for the company had been reduced from $45.00 to $41.00.
The decision made by Berenberg Bank was the impetus for both of these different actions. Citigroup changed its rating on General Motors from “hold” to “buy” in a research report published on Thursday, February 2, and it also increased its price target for the company’s stock from $80.00 to $82.00.
In a research report published on February 1, Morgan Stanley increased their price objective on General Motors shares from $32.00 to $35.00.
The previous price objective was $32.00.
Despite this change, the consulting firm still gave the company an “equal weight” rating. One analyst recommended selling the stock; six suggested holding on to the stock; eleven suggested buying the stock; and one recommended a strong buy of the stock.
The current average rating for General Motors on Bloomberg.com is “Moderate Buy,” The website’s users have established a price objective of $50.06 for the company’s stock.
Recently, several other institutional investors have been very active in the market, buying and selling shares of GM.
During the second quarter of the fiscal year, Cibc Global Market INC increased the percentage of General Motors stock in its portfolio by 5.9%.
After making additional purchases of 11,537 shares during the relevant period, Cibc Global Market INC now has 205,833 shares of the automaker’s stock, currently valued at $6,537,000.
These shares were acquired for a total cost of $6,537,000. Cetera Investment Advisers increased the proportion of General Motors stock they owned by 24.3% over the second quarter.
After purchasing an additional 24,884 shares during the relevant period, Cetera Investment Advisers now has 127,426 shares of the automaker’s stock, currently valued at $4,047,000.
During the relevant period, these shares were acquired. Romano Brothers & Company made a new investment in the amount of $279,000 during the third quarter by Romano Brothers & Company in order to increase their holding in General Motors.
M&G Investment Management Ltd increased General Motors’s ownership percentage by 24.0% during the third quarter of the fiscal year.
M&G Investment Management Ltd purchased 44,355 shares of the automaker’s stock during the evaluation period.
This brought the total number of shares owned by the company to 229,542, which had a value of $7,345,000 at the time of the transaction.
Last but not least, during the second quarter, Natixis increased the percentage of General Motors stock owned by 19.4%.
This is certainly not the least important point. Natixis now holds 1,185,379 shares of the automaker’s stock, which has a value of $38,079,000, following the acquisition of an additional 192,750 shares during the quarter.
This brings the total number of shares held by Natixis to 1,185,750.
Institutional investors hold the stock 789.20% of the time, making up the remaining 20.10%.
In related news, on February 9, Executive Vice President Gerald Johnson sold 15,743 shares of the company’s stock.
A total price of $671,438.95 was received for the sale of the shares, which works out to an average selling price of $42.65 per share. With 71,209 shares in the company, the current value of the executive vice president’s holdings comes to approximately $3,037,063.85, based on the current stock price. Following this link will take you to a document submitted to the Securities and Exchange Commission (SEC).
The document contains an in-depth explanation of the transaction that was reported to the SEC.
According to a different piece of news, on February 9, Executive Vice President Gerald Johnson sold 15,743 shares of the company’s stock.
This transaction was reported.
The sale of the shares generated a total revenue of $671,438.95, with an average price of $42.65 per share received by the seller.
The stake in the business that belongs to the executive vice president consists of 71,209 shares and is currently estimated to be worth $3,037,063.85.
If you click on this link, you will be taken to a legal filing made with the SEC, which will give you more information regarding the transaction and take you there immediately. Furthermore, on February 2, Executive Vice President Stephen K. Carlisle sold 18,000 shares of the company’s stock.
The total amount of money obtained from the sale of the shares was $755,460.00, which comes out to a price of $41.97 for each share. Following the successful conclusion of the sale, the executive vice president is now the direct owner of 46,170 shares of the company’s stock.
The total value of these shares is $1,937,754.90.
This is the location where the disclosure for sale can be found.
Employees and other company insiders own only 0.10 percent of the total shares issued by the corporation.
NYSE: GM began trading on Thursday for $34.33, the day’s opening price.
The business has a P/E ratio of 5.60, a PEG ratio of 0.58, a beta value of 1.36, and a PEG ratio of 0.58.
The company is currently estimated to have a market capitalization of 47.88 billion dollars.
During the previous year, the price of a General Motors vehicle fluctuated between $30.33 and $46.74, reaching a low of $30.33 and a high of $46.74.
The ratio of debt to equity is 1.06; the ratio of current assets to quick assets is 1.10; and the ratio of current assets to quick assets is 0.93.
The company’s moving average price over the past 50 days is $38.80, and its moving average price over the past 200 days is $37.78.
General Motors (NYSE: GM) (TSE: GMM.U) disseminated the findings of the most recent quarterly financial report on its publication on January 31.
The automobile manufacturer reported earnings per share (EPS) of $2.12 for the quarter, which is $0.44 higher than the estimate made by the market, which was $1.68.
The revenue for the quarter came in significantly higher than the $40.62 billion analysts had anticipated, coming in at a total of $43.11 billion instead.
The return on equity and net margin for General Motors came in at 16.08% and 6.34%, respectively when the company’s financials were analyzed. Compared to the previous year, the company’s quarterly sales experienced an annual growth rate of 28.4% higher.
The company’s revenue per share was $1.35, comparable to the results achieved during the same quarter in the preceding year.
In 2018, market analysts anticipated that General Motors would have earnings of $6.21 per share, which aligns with the projections reached by consensus among the market participants.