American Financial Group Inc. maintained its position in shares of General Motors Co. (NYSE:GM) (TSE:GMM.U) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,090,000 shares of the auto manufacturer’s stock at the end of the third quarter. General Motors comprises about 2.5% of American Financial Group Inc.’s holdings, making the stock its 3rd largest position. American Financial Group Inc. owned about 0.07% of General Motors worth $34,629,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKD Wealth Advisors LLC boosted its stake in General Motors by 4.7% in the second quarter. BKD Wealth Advisors LLC now owns 55,614 shares of the auto manufacturer’s stock worth $1,574,000 after buying an additional 2,508 shares during the period. Quotient Investors LLC boosted its stake in General Motors by 46.3% in the second quarter. Quotient Investors LLC now owns 9,800 shares of the auto manufacturer’s stock worth $277,000 after buying an additional 3,100 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in General Motors by 3.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 25,377 shares of the auto manufacturer’s stock worth $718,000 after buying an additional 780 shares during the period. American National Bank boosted its stake in General Motors by 0.7% in the second quarter. American National Bank now owns 124,436 shares of the auto manufacturer’s stock worth $3,522,000 after buying an additional 917 shares during the period. Finally, Trust Co acquired a new stake in General Motors during the first quarter worth about $271,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
General Motors Co. (NYSE:GM) opened at 34.3156 on Monday. The firm has a market capitalization of $52.31 billion, a P/E ratio of 3.9178 and a beta of 1.42. General Motors Co. has a 52-week low of $26.69 and a 52-week high of $36.88. The firm’s 50-day moving average is $32.24 and its 200-day moving average is $31.16.
General Motors (NYSE:GM) last posted its earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.28. General Motors had a return on equity of 23.22% and a net margin of 8.58%. The company earned $42.80 billion during the quarter, compared to the consensus estimate of $39.11 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. On average, equities analysts expect that General Motors Co. will post $6.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date is Monday, December 5th. General Motors’s dividend payout ratio is currently 17.41%.
A number of analysts have issued reports on GM shares. Vetr cut shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $35.44 target price for the company. in a research note on Monday, September 19th. Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective on shares of General Motors in a research note on Thursday, September 22nd. Seaport Global Securities assumed coverage on shares of General Motors in a research note on Tuesday, August 9th. They issued a “buy” rating and a $42.00 price objective for the company. Barclays PLC restated an “equal weight” rating and issued a $66.00 price objective on shares of General Motors in a research note on Friday, September 23rd. Finally, Jefferies Group restated a “hold” rating on shares of General Motors in a research note on Friday, September 2nd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. General Motors presently has an average rating of “Hold” and a consensus price target of $36.06.
General Motors Company Profile