General Motors Company (GM) Stake Increased by Acadian Asset Management LLC

Posted October 04, 2017

Berenberg Bank set a $29.00 target price on General Motors Company and gave the stock a "sell" rating in a report on Monday, March 6th. Johnson Inv Counsel accumulated 15,721 shares or 0.02% of the stock. BlackRock Inc. lifted its stake in General Motors by 1.1% in the 2nd quarter. The Company's divisions include Terminalling services and Fleet services. State of Alaska Department of Revenue has an ownership of 3,249 stocks of the auto manufacturer's shares valued $113,000 after scooping up an extra 310 shares through out the quarter. Eads Heald Investment Counsel holds 0.13% or 5,910 shares in its portfolio. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.

Shares of the company have shown an EPS growth of 5.60% in the last 5 years. With an institutional ownership near 96.4%, it carries an earnings per share ratio of 3.69. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and global copyright laws. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. Visit MarketWatch.com for more information on this news. About 30.84 million shares traded or 146.33% up from the average. Following the completion of the purchase, the director now directly owns 12,300 shares in the company, valued at approximately $427,179. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ford believes the positive effect from demand caused by Hurricane Harvey in Houston, offset somewhat from a decline in showroom traffic in Florida due to Hurricane Irma, accounted for about a third of its overall 18,000-unit increase in volume in September. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00.

It's important to get a feel for how any stock is actually valued on the market based on its core numbers. 25,000 Ford Motor Company (NYSE:F) shares with value of $279,068 were sold by FARLEY JR JAMES D. This translates into $1.55 billion profit for GM giving the stock a 9.91 P/E. The 50 day moving average moved up $1.02 whereas the 200 day average was up by +9.46%. Burt Wealth Advsrs has invested 0.03% in General Motors Company (NYSE:GM). The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.72 by $0.17. The business earned $41.20 billion during the quarter, compared to analysts' expectations of $37.38 billion. Franklin Parlapiano Turner & Welch bought a new stake in stocks of General Motors during the Q1 valued about $106,000. Analysts expect next quarter's EPS will be $0.49 with next year's EPS anticipated to be $1.54. During the same period in the prior year, the firm earned $1.86 EPS.

General Motors Company now has a P/E ratio of 7.53 and market cap is 63.11B. Additionally General Motors Company recently announced a dividend which was paid on Friday the 23rd of June 2017. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.39%. State Street Corp raised its stake in General Motors Company by 3.6% in the fourth quarter.

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GM has been the topic of several analyst reports.

Among 4 analysts covering USD Partners LP (NYSE:USDP), 1 have Buy rating, 1 Sell and 2 Hold.

03/07/2017 - General Motors Company had its "buy" rating reiterated by analysts at CFRA Research. (NASDAQ:TSLA). At the time of writing, the First Call consensus price target for the company is $319.94.

06/13/2017 - General Motors Company had its "buy" rating reiterated by analysts at Jefferies. On October 3, 2017 the stock rating was set at "Buy" according to a Bank of America report which was a boost from the previous "Neutral" rating.

General Motors Company (NYSE:GM) (TSE:GMM.U)'s had a "buy" recommendation reiterated by financial stock experts at Citigroup in a study note released to investors and clients on early Monday. The company now has an average rating of Buy and a consensus price target of $40.50.