First Hawaiian Bank raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 74.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,008 shares of the auto manufacturer’s stock after purchasing an additional 5,134 shares during the period. First Hawaiian Bank’s holdings in General Motors were worth $440,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Citizens Bank & Trust Co. lifted its stake in shares of General Motors by 3.9% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,843 shares of the auto manufacturer’s stock valued at $294,000 after buying an additional 294 shares in the last quarter. Squar Milner Financial Services LLC increased its holdings in General Motors by 4.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 7,284 shares of the auto manufacturer’s stock worth $273,000 after acquiring an additional 321 shares during the period. Hammer Asset Management LLC increased its holdings in General Motors by 0.3% during the 3rd quarter. Hammer Asset Management LLC now owns 96,882 shares of the auto manufacturer’s stock worth $3,631,000 after acquiring an additional 321 shares during the period. Waddell & Reed Financial Inc. increased its holdings in General Motors by 3.3% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 10,239 shares of the auto manufacturer’s stock worth $395,000 after acquiring an additional 330 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its holdings in General Motors by 1.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 32,740 shares of the auto manufacturer’s stock worth $1,227,000 after acquiring an additional 360 shares during the period. 76.52% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on the stock. Barclays reissued a “buy” rating and issued a $44.00 price target on shares of General Motors in a report on Wednesday, January 22nd. Bank of America set a $55.00 price target on shares of General Motors and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $49.00 target price on shares of General Motors in a report on Sunday, January 19th. Buckingham Research reduced their target price on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, Benchmark assumed coverage on shares of General Motors in a report on Thursday, January 9th. They set a “buy” rating and a $49.00 target price on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $46.75.
Shares of NYSE GM opened at $33.39 on Friday. The stock has a market cap of $47.53 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.37. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82. General Motors has a 1 year low of $32.97 and a 1 year high of $41.90. The firm has a 50-day moving average of $35.61 and a 200 day moving average of $36.95.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The business had revenue of $35.50 billion during the quarter, compared to analyst estimates of $35.21 billion. During the same period last year, the business earned $1.87 EPS. General Motors’s revenue was down .8% compared to the same quarter last year. Research analysts expect that General Motors will post 4.73 earnings per share for the current fiscal year.
General Motors Company Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
