Palladium Partners LLC Raises Stake in General Motors Company (GM)

Palladium Partners LLC raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,545 shares of the auto manufacturer’s stock after buying an additional 669 shares during the period. Palladium Partners LLC’s holdings in General Motors were worth $438,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. IFC Holdings Incorporated FL raised its stake in General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock valued at $1,141,000 after buying an additional 14,559 shares during the last quarter. Suntrust Banks Inc. raised its stake in General Motors by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock valued at $8,008,000 after buying an additional 51,539 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in General Motors by 9.9% in the first quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 900 shares during the last quarter. Granite Investment Advisors LLC raised its stake in General Motors by 13.5% in the first quarter. Granite Investment Advisors LLC now owns 333,395 shares of the auto manufacturer’s stock valued at $11,789,000 after buying an additional 39,598 shares during the last quarter. Finally, Asset Management Advisors LLC raised its stake in General Motors by 2.1% in the first quarter. Asset Management Advisors LLC now owns 133,194 shares of the auto manufacturer’s stock valued at $4,710,000 after buying an additional 2,760 shares during the last quarter. 75.56% of the stock is currently owned by institutional investors.

Shares of General Motors Company (NYSE:GM) traded down 0.49% during trading on Friday, reaching $34.83. 7,193,463 shares of the company’s stock traded hands. The company has a market capitalization of $50.75 billion, a price-to-earnings ratio of 6.06 and a beta of 1.45. General Motors Company has a 1-year low of $30.13 and a 1-year high of $38.55. The stock has a 50-day moving average of $35.49 and a 200-day moving average of $35.08. General Motors also was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 13,561 call options on the stock. This is an increase of approximately 162% compared to the average daily volume of 5,175 call options.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. General Motors’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts predict that General Motors Company will post $6.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.36%. General Motors’s dividend payout ratio is currently 26.48%.

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Several equities research analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of General Motors in a research note on Tuesday, June 13th. They set a “market perform” rating and a $33.00 target price on the stock. Zacks Investment Research downgraded shares of General Motors from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. BidaskClub downgraded shares of General Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Guggenheim initiated coverage on shares of General Motors in a research report on Wednesday, June 21st. They set a “neutral” rating and a $37.00 price target for the company. Finally, Vetr downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price target for the company. in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.26.

In other General Motors news, Director Jane L. Mendillo acquired 1,520 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was bought at an average cost of $32.92 per share, for a total transaction of $50,038.40. Following the completion of the purchase, the director now directly owns 3,120 shares in the company, valued at $102,710.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karl-Thomas Neumann sold 234,274 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the sale, the insider now owns 234,274 shares of the company’s stock, valued at $8,145,706.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,145 shares of company stock valued at $13,116,886. 0.04% of the stock is owned by insiders.

General Motors Company Profile

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.

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

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