RMB Capital Management LLC Buys Shares of 15,754 General Motors (NYSE:GM)

RMB Capital Management LLC bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 15,754 shares of the auto manufacturer’s stock, valued at approximately $905,000.

Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in General Motors by 297.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,395,000 shares of the auto manufacturer’s stock valued at $80,157,000 after acquiring an additional 1,043,880 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of General Motors in the first quarter worth about $2,018,000. Cullen Frost Bankers Inc. raised its stake in shares of General Motors by 163.3% in the first quarter. Cullen Frost Bankers Inc. now owns 17,956 shares of the auto manufacturer’s stock worth $1,032,000 after buying an additional 11,136 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of General Motors by 14.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,476 shares of the auto manufacturer’s stock worth $1,269,000 after buying an additional 3,793 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of General Motors by 154.3% during the first quarter. Kestra Advisory Services LLC now owns 155,349 shares of the auto manufacturer’s stock worth $8,926,000 after purchasing an additional 94,260 shares in the last quarter. 80.31% of the stock is currently owned by institutional investors.

Several research firms have weighed in on GM. Tudor Pickering began coverage on General Motors in a report on Tuesday, May 18th. They set a “buy” rating and a $76.00 price target for the company. Citigroup raised their price target on General Motors from $70.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Barclays raised their price target on General Motors from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating and set a $51.00 target price for the company. in a report on Tuesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on General Motors from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, May 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $63.29.

In other news, CEO Mary T. Barra sold 1,303,027 shares of the business’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $57.97, for a total value of $75,536,475.19. Following the completion of the transaction, the chief executive officer now owns 1,922,883 shares of the company’s stock, valued at approximately $111,469,527.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julian G. Blissett sold 15,533 shares of the business’s stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $62.03, for a total value of $963,511.99. Following the completion of the transaction, the executive vice president now directly owns 49,926 shares of the company’s stock, valued at approximately $3,096,909.78. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,252 shares of company stock valued at $90,753,377. Insiders own 0.40% of the company’s stock.

General Motors stock opened at $61.34 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $58.46. The stock has a market cap of $88.98 billion, a P/E ratio of 9.93, a PEG ratio of 1.19 and a beta of 1.33. General Motors has a fifty-two week low of $23.33 and a fifty-two week high of $64.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, May 5th. The auto manufacturer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $1.28. The business had revenue of $32.47 billion for the quarter, compared to the consensus estimate of $33.15 billion. General Motors had a return on equity of 19.59% and a net margin of 7.49%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. Analysts expect that General Motors will post 5.41 EPS 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, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names.

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

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