Moody National Bank Trust Division Boosts Holdings in General Motors (NYSE:GM)

Moody National Bank Trust Division grew its position in shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 30.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,053 shares of the auto manufacturer’s stock after purchasing an additional 6,074 shares during the period. Moody National Bank Trust Division’s holdings in General Motors were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Rehmann Capital Advisory Group grew its stake in shares of General Motors by 3.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,606 shares of the auto manufacturer’s stock valued at $387,000 after buying an additional 243 shares in the last quarter. Optimum Investment Advisors lifted its holdings in General Motors by 62.5% in the 4th quarter. Optimum Investment Advisors now owns 650 shares of the auto manufacturer’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in General Motors by 8.6% in the 1st quarter. Lindbrook Capital LLC now owns 3,179 shares of the auto manufacturer’s stock worth $139,000 after purchasing an additional 252 shares during the last quarter. Weik Capital Management lifted its holdings in General Motors by 3.1% in the 1st quarter. Weik Capital Management now owns 9,075 shares of the auto manufacturer’s stock worth $397,000 after purchasing an additional 275 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in General Motors by 85.8% in the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM opened at $39.97 on Friday. The business’s fifty day moving average price is $37.30 and its two-hundred day moving average price is $38.15. General Motors has a fifty-two week low of $30.33 and a fifty-two week high of $67.21. The stock has a market capitalization of $58.28 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.15 and a quick ratio of 0.93.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 26th. The auto manufacturer reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.42). General Motors had a net margin of 6.66% and a return on equity of 13.82%. The company had revenue of $35.76 billion during the quarter, compared to the consensus estimate of $34.35 billion. During the same quarter last year, the company earned $1.97 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that General Motors will post 6.79 EPS for the current fiscal year.

General Motors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, August 30th. General Motors’s payout ratio is presently 6.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft lowered General Motors from a “buy” rating to a “hold” rating in a report on Monday, July 18th. Benchmark reduced their target price on General Motors from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Morgan Stanley cut their price target on General Motors from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Bank of America cut their price target on General Motors from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 9th. Finally, Barclays reiterated a “buy” rating and set a $52.00 price target on shares of General Motors in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.78.

General Motors Company Profile

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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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