General Motors Company (GM) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC cut its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,098 shares of the auto manufacturer’s stock after selling 3,947 shares during the period. General Motors Company comprises about 0.8% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 28th largest position. Sheaff Brock Investment Advisors LLC’s holdings in General Motors Company were worth $6,085,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of General Motors Company by 5.6% in the third quarter. Advisors Asset Management Inc. now owns 113,971 shares of the auto manufacturer’s stock worth $3,621,000 after buying an additional 6,094 shares during the last quarter. Strategy Asset Managers LLC acquired a new position in shares of General Motors Company during the third quarter worth $222,000. Kornitzer Capital Management Inc. KS increased its position in shares of General Motors Company by 11.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 80,361 shares of the auto manufacturer’s stock worth $2,553,000 after buying an additional 8,565 shares during the last quarter. Quantbot Technologies LP increased its position in shares of General Motors Company by 3,202.1% in the third quarter. Quantbot Technologies LP now owns 63,665 shares of the auto manufacturer’s stock worth $2,022,000 after buying an additional 61,737 shares during the last quarter. Finally, Evermay Wealth Management LLC increased its position in shares of General Motors Company by 3.0% in the third quarter. Evermay Wealth Management LLC now owns 10,221 shares of the auto manufacturer’s stock worth $325,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

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

General Motors Company (NYSE:GM) traded up 0.847% on Friday, hitting $32.745. 5,198,953 shares of the stock traded hands. The stock has a market cap of $49.42 billion, a price-to-earnings ratio of 5.065 and a beta of 1.32. General Motors Company has a 52-week low of $27.34 and a 52-week high of $38.55. The company’s 50 day moving average price is $33.92 and its 200-day moving average price is $35.24.

General Motors Company (NYSE:GM) last announced its quarterly earnings data on Friday, April 28th. The auto manufacturer reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.25. The firm had revenue of $41.20 billion for the quarter, compared to the consensus estimate of $37.38 billion. General Motors Company had a net margin of 5.69% and a return on equity of 22.14%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS. On average, analysts forecast that General Motors Company will post $6.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.68%. General Motors Company’s payout ratio is 25.33%.

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A number of equities research analysts recently commented on GM shares. Jefferies Group LLC set a $36.00 price target on shares of General Motors Company and gave the stock a “hold” rating in a report on Thursday, January 19th. Zacks Investment Research raised shares of General Motors Company from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Monday, January 23rd. Vetr raised shares of General Motors Company from a “sell” rating to a “hold” rating and set a $36.41 price target on the stock in a report on Monday, January 23rd. Morgan Stanley lifted their price target on shares of General Motors Company from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, January 25th. Finally, Barclays PLC reaffirmed a “neutral” rating on shares of General Motors Company in a report on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $38.82.

In other news, insider Stefan Jacoby sold 2,435 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $37.11, for a total transaction of $90,362.85. Following the sale, the insider now directly owns 85,735 shares in the company, valued at approximately $3,181,625.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark L. Reuss sold 75,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the sale, the insider now owns 133,052 shares in the company, valued at $4,437,284.20. The disclosure for this sale can be found here. Insiders have sold a total of 82,791 shares of company stock worth $2,772,913 over the last 90 days. Insiders own 0.04% of the company’s stock.

About General Motors Company

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include 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 provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

5 Day Chart for NYSE:GM

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