Tocqueville Asset Management L.P. Invests $7.27 Million in General Motors Company (GM) Stock

General Motors logoTocqueville Asset Management L.P. bought a brand new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) within the third quarter, in response to its most up-to-date Form 13F submitting with the SEC. The agency bought 179,997 shares of the auto producer’s inventory, valued at roughly $7,268,000.

Other hedge funds and different institutional traders have additionally modified their holdings of the corporate. Berkshire Hathaway Inc. lifted its place in General Motors by 20.zero% through the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto producer’s inventory valued at $2,095,800,000 after buying an extra 10,000,000 shares through the interval. Swiss National Bank lifted its place in General Motors by 1.2% through the 2nd quarter. Swiss National Bank now owns four,925,857 shares of the auto producer’s inventory valued at $172,060,000 after buying an extra 56,500 shares through the interval. State of Tennessee Treasury Department lifted its place in General Motors by zero.four% through the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto producer’s inventory valued at $28,839,000 after buying an extra three,298 shares through the interval. Intrust Bank NA lifted its place in General Motors by zero.three% through the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto producer’s inventory valued at $250,000 after buying an extra 25 shares through the interval. Finally, Commonwealth Bank of Australia lifted its place in General Motors by 12.5% through the 2nd quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto producer’s inventory valued at $25,819,000 after buying an extra 82,201 shares through the interval. 72.83% of the inventory is owned by institutional traders.

Several badysis badysts have issued studies on the inventory. Morgan Stanley minimize shares of General Motors from an “overweight” score to an “equal weight” score and decreased their goal worth for the inventory from $46.48 to $43.00 in a report on Wednesday, October 25th. Royal Bank Of Canada lifted their goal worth on shares of General Motors from $44.00 to $51.00 and gave the inventory a “sector perform” score in a report on Wednesday, October 25th. Craig Hallum set a $45.00 goal worth on shares of General Motors and gave the inventory a “hold” score in a report on Wednesday, October 25th. BMO Capital Markets raised shares of General Motors to a “market perform” score and lifted their goal worth for the inventory from $41.00 to $48.00 in a report on Wednesday, October 25th. Finally, Deutsche Bank AG lifted their goal worth on shares of General Motors from $51.00 to $52.00 and gave the inventory a “buy” score in a report on Wednesday, October 25th. Three funding badysts have rated the inventory with a promote score, fifteen have given a maintain score, eight have issued a purchase score and three have badigned a powerful purchase score to the inventory. The firm has a median score of “Hold” and a consensus goal worth of $43.32.

General Motors Company (GM) opened at $42.34 on Friday. The agency has a market cap of $60,140.07, a P/E ratio of 6.84, a price-to-earnings-growth ratio of zero.73 and a beta of 1.56. General Motors Company has a 12-month low of $30.21 and a 12-month excessive of $46.76. The firm has a debt-to-equity ratio of 1.54, a present ratio of zero.94 and a fast ratio of zero.79.

General Motors (NYSE:GM) (TSE:GMM.U) final posted its quarterly earnings outcomes on Tuesday, October 24th. The auto producer reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $zero.25. The enterprise had income of $30.48 billion through the quarter, in comparison with badyst estimates of $29.93 billion. General Motors had a internet margin of two.00% and a return on fairness of 20.95%. The firm’s income was down 16.6% on a year-over-year foundation. During the identical interval within the prior yr, the enterprise posted $1.72 earnings per share. sell-side badysts anticipate that General Motors Company will publish 6.24 EPS for the present yr.

The firm additionally lately declared a quarterly dividend, which might be paid on Thursday, December 21st. Shareholders of file on Friday, December eighth might be given a $zero.38 dividend. The ex-dividend date is Thursday, December seventh. This represents a $1.52 dividend on an annualized foundation and a dividend yield of three.59%. General Motors’s payout ratio is at the moment 77.95%.

In different General Motors information, EVP Nysschen Carel J. De offered 123,645 shares of the corporate’s inventory in a transaction that occurred on Friday, October 27th. The shares have been offered at a median worth of $44.59, for a complete worth of $5,513,330.55. Following the completion of the transaction, the chief vice chairman now straight owns 150,484 shares within the firm, valued at $6,710,081.56. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of the SEC web site. Also, CFO Charles Ok. Stevens III offered 265,458 shares of the corporate’s inventory in a transaction that occurred on Friday, October 27th. The inventory was offered at a median worth of $44.49, for a complete transaction of $11,810,226.42. Following the completion of the transaction, the chief monetary officer now owns 326,510 shares of the corporate’s inventory, valued at $14,526,429.90. The disclosure for this sale may be discovered right here. Over the final quarter, insiders offered 979,266 shares of firm inventory valued at $40,917,634. Company insiders personal zero.04% of the corporate’s inventory.

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General Motors Company Profile

General Motors Company designs, builds and sells automobiles, vans, crossovers and car components. The Company’s segments embody GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company supplies automotive financing providers by way of General Motors Financial Company, Inc The Company develops, manufactures and/or markets autos in North America underneath the manufacturers, together with Buick, Cadillac, Chevrolet and GMC.

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




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