MUFG Americas Holdings Corp Buys 2,000 Shares of General Motors (NYSE:GM)

MUFG Americas Holdings Corp raised its stake in General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 2,000.0% in the 1st quarter, HoldingsChannel reports. The firm owned 2,100 shares of the auto manufacturer’s stock after acquiring an additional 2,000 shares during the quarter. MUFG Americas Holdings Corp’s holdings in General Motors were worth $92,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northeast Investment Management grew its stake in General Motors by 3.6% in the 4th quarter. Northeast Investment Management now owns 5,780 shares of the auto manufacturer’s stock worth $339,000 after buying an additional 200 shares in the last quarter. Wade G W & Inc. boosted its stake in shares of General Motors by 4.9% in the 4th quarter. Wade G W & Inc. now owns 4,389 shares of the auto manufacturer’s stock valued at $257,000 after purchasing an additional 206 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of General Motors by 3.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,606 shares of the auto manufacturer’s stock valued at $387,000 after purchasing an additional 243 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of General Motors by 62.5% in the 4th quarter. Optimum Investment Advisors now owns 650 shares of the auto manufacturer’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of General Motors by 8.6% in the 1st quarter. Lindbrook Capital LLC now owns 3,179 shares of the auto manufacturer’s stock valued at $139,000 after purchasing an additional 252 shares in the last quarter. 82.66% of the stock is owned by institutional investors.

General Motors Stock Down 2.9 %

Shares of General Motors stock opened at $36.23 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.15 and a quick ratio of 0.93. The company has a 50-day moving average of $34.44 and a 200 day moving average of $40.61. The firm has a market cap of $52.83 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 0.55 and a beta of 1.27. General Motors has a 1 year low of $30.33 and a 1 year high of $67.21.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 26th. The auto manufacturer reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.42). The business had revenue of $35.76 billion during the quarter, compared to the consensus estimate of $34.35 billion. General Motors had a return on equity of 13.82% and a net margin of 6.66%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 earnings per share. As a group, sell-side analysts anticipate that General Motors will post 6.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GM has been the subject of a number of research reports. Berenberg Bank initiated coverage on shares of General Motors in a research note on Tuesday, May 10th. They issued a “buy” rating and a $55.00 price objective for the company. Daiwa Capital Markets cut their price objective on shares of General Motors to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. BNP Paribas initiated coverage on shares of General Motors in a research note on Monday, April 11th. They issued an “outperform” rating for the company. Morgan Stanley cut their price objective on shares of General Motors from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Finally, TheStreet cut shares of General Motors from a “b-” rating to a “c+” rating in a research report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $54.94.

General Motors Profile

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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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

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