Economy

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

Deutsche Bank AG upgraded shares of General Motors Company (NYSE:GM) (TSE:GMM.U) from a hold rating to a buy rating in a research note released on Monday, MarketBeat reports.

Since the beginning of the calendar year, the stock is 69.59%.

Several other institutional investors have also recently modified their holdings of the company.

Investors are feeling more bearish on shares of the company lately if you pay attention to the rise in short interest. Suntrust Robinson maintained the shares of MAT in report on Friday, October 16 with "Neutral" rating. Shares were disposed in a price range of $40.19, amounting $1,607,600.00. after the closing of the transaction the president has an ownership of 145,953 company stock worth at $5,865,851.07. State Street Corp now owns 60,423,820 shares of the auto manufacturer's stock valued at $2,136,563,000 after buying an additional 2,252,866 shares in the last quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer's stock worth $261,000 after acquiring an additional 755 shares during the period. Ffcm LLC now owns 3,373 shares of the auto manufacturer's stock valued at $120,000 after buying an additional 3,213 shares in the last quarter.

Texan Capital Management decreased its stake in Sap Ag (SAP) by 17.79% based on its latest 2017Q2 regulatory filing with the SEC. The insider now holds 41,980 shares of Ford Motor Company (F). Finally, Conning Inc. increased its position in shares of General Motors Company by 0.3% in the third quarter. The median target of analyst views collected by Yahoo Finance was as much as $-0.78 below GM's recent stock price.

The company is so far trading up by 0.08%% since yesterday's close of 11.95. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.17. The 50 day moving average was up by +8.16% whereas the 200 day average was up by +5.69%. The price index of General Motors Company (NYSE:GM) for last month was 1.15315. Next quarter's EPS is estimated at $0.49 with next year's EPS anticipated to be $1.54. The firm had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. Also, Director Jane L. Mendillo purchased 1,440 stocks of the firm's shares in a trade that took place on Fri, Aug 18th. The company declared a dividend which was paid on Friday the 1st of September 2017. That represents a quarterly year/year change in revenues of -0.13 in sequential terms, the GM saw sales decline by -0.10. The 50 day moving average was up $4.30 and the 200 day average was up $5.41. The ex-dividend date of this dividend was Wednesday, March 8th. General Motors's dividend payout ratio is now 26.48%. The firm has "Hold" rating by Wolfe Research given on Tuesday, June 13. On Monday, December 14 the stock rating was upgraded by BMO Capital Markets to "Outperform". JP Morgan has "Overweight" rating and $38 target. Volume levels waned and F actually managed a declined which translated to 22.22 million shares changing hands on the day. Piper Jaffray Companies restated a buy rating and set a $44.00 price objective on shares of General Motors in a research report on Tuesday, September 12th. The stock now has a average recommendation of "Buy" and an consensus price target of $39.16. They issued a market perform rating and a $33.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock.

In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $35.80, for a total transaction of $572,800.00. Ropes Wealth Advisors has an ownership of 4,600 stocks of the auto manufacturer's shares valued $161,000 following purchasing an extra 3,248 stocks in the previous period. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the past year there have been a total of 65 insider trades, including 6 open market buys and 59 sells. Companies may issue new shares and buy back their own shares. The disclosure for this sale can be found here. The stock's 52-week range is $10.47 to $13.22, and its 3-month range is $ to $. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. General Motors Company had 61 analyst reports since July 24, 2015 according to SRatingsIntel.



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