Published On: Mon, Sep 19th, 2016

General Motors Co. (GM) Given Hold Rating at Argus

General Motors Co. (NYSE:GM)‘s stock had its “hold” rating reissued by equities research analysts at Argus in a research note issued on Thursday.
Several other research firms have also issued reports on GM. Vetr lowered shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $31.98 price objective for the company. in a research note on Monday, April 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $45.00 price objective (down previously from $47.00) on shares of General Motors in a research note on Tuesday, April 19th. Bank of America Corp. reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, April 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of General Motors in a research note on Thursday, April 21st. Finally, Goldman Sachs Group Inc. lifted their price objective on shares of General Motors from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. General Motors has an average rating of “Hold” and a consensus target price of $35.70.
Shares of General Motors (NYSE:GM) traded down 0.48% during trading on Thursday, hitting $30.97. 12,780,811 shares of the stock traded hands. The firm has a 50 day moving average price of $31.46 and a 200-day moving average price of $30.77. General Motors has a one year low of $26.69 and a one year high of $36.88. The company has a market cap of $48.37 billion, a PE ratio of 3.97 and a beta of 1.70.

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General Motors (NYSE:GM) last issued its earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. The company earned $42.40 billion during the quarter, compared to analyst estimates of $38.81 billion. General Motors had a net margin of 7.90% and a return on equity of 23.96%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. Analysts anticipate that General Motors will post $5.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.91%. General Motors’s dividend payout ratio (DPR) is currently 19.46%.
In other General Motors news, VP Thomas S. Timko sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total value of $199,625.00. Following the transaction, the vice president now directly owns 27,477 shares in the company, valued at $877,615.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jane L. Mendillo purchased 1,600 shares of General Motors stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at $49,616. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Cypress Funds LLC purchased a new position in General Motors during the fourth quarter worth approximately $14,284,000. Cambridge Investment Research Advisors Inc. raised its position in shares of General Motors by 13.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 78,175 shares of the auto manufacturer’s stock worth $2,659,000 after buying an additional 8,996 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of General Motors by 50.2% in the fourth quarter. Victory Capital Management Inc. now owns 89,765 shares of the auto manufacturer’s stock worth $3,053,000 after buying an additional 30,001 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of General Motors by 4.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 189,132 shares of the auto manufacturer’s stock worth $6,432,000 after buying an additional 8,178 shares during the last quarter. Finally, Golub Group LLC raised its position in shares of General Motors by 1.0% in the fourth quarter. Golub Group LLC now owns 911,147 shares of the auto manufacturer’s stock worth $30,988,000 after buying an additional 8,950 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.
About General Motors
General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).

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