US Bancorp DE Purchases 3,036 Shares of General Motors (NYSE:GM)

US Bancorp DE boosted its position in shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,423 shares of the auto manufacturer’s stock after purchasing an additional 3,036 shares during the period. US Bancorp DE’s holdings in General Motors were worth $2,292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC grew its stake 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 acquiring an additional 283 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of General Motors by 76.4% in the 2nd quarter. McIlrath & Eck LLC now owns 831 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 360 shares during the period. Urban Wealth Management LLC purchased a new stake in shares of General Motors in the 2nd quarter worth approximately $26,000. FinTrust Capital Advisors LLC lifted its position in shares of General Motors by 71.2% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 914 shares of the auto manufacturer’s stock worth $32,000 after purchasing an additional 380 shares during the period. Finally, Savior LLC lifted its position in shares of General Motors by 90.9% in the 2nd quarter. Savior LLC now owns 945 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 450 shares during the period. 78.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Morgan Stanley upped their price target on shares of General Motors from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 26th. JPMorgan Chase & Co. upped their price target on shares of General Motors from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 26th. Wells Fargo & Company increased their target price on shares of General Motors from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, October 26th. Finally, Daiwa Capital Markets increased their target price on shares of General Motors to $38.00 in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $51.74.

General Motors Stock Down 4.7 %

NYSE:GM opened at $36.51 on Monday. The firm has a market capitalization of $51.87 billion, a P/E ratio of 6.19, a PEG ratio of 0.63 and a beta of 1.33. General Motors has a 1-year low of $30.33 and a 1-year high of $61.76. The company’s fifty day moving average price is $37.50 and its 200-day moving average price is $36.71. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.14 and a quick ratio of 0.95.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.36. The firm had revenue of $41.89 billion for the quarter, compared to analyst estimates of $42.05 billion. General Motors had a net margin of 6.57% and a return on equity of 14.88%. The business’s quarterly revenue was up 56.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, equities research analysts anticipate that General Motors will post 7.11 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, December 2nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.36 annualized dividend and a yield of 0.99%. General Motors’s dividend payout ratio is presently 6.10%.

About General Motors

(Get Rating)

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.

Further Reading

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

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