American National Bank buys $4,011,318 stake in General Motors Company (GM)

General Motors Company (GM) : American National Bank scooped up 1,429 additional shares in General Motors Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 125,865 shares of General Motors Company which is valued at $4,011,318.General Motors Company makes up approximately 1.36% of American National Bank’s portfolio.

Other Hedge Funds, Including , Blb&b Advisors boosted its stake in GM in the latest quarter, The investment management firm added 1,345 additional shares and now holds a total of 77,392 shares of General Motors Company which is valued at $2,466,483. General Motors Company makes up approx 0.46% of Blb&b Advisors’s portfolio.Duff Phelps Investment Management Co reduced its stake in GM by selling 390 shares or 2.14% in the most recent quarter. The Hedge Fund company now holds 17,860 shares of GM which is valued at $569,198. General Motors Company makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio.Capstone Asset Management Co boosted its stake in GM in the latest quarter, The investment management firm added 177,210 additional shares and now holds a total of 300,983 shares of General Motors Company which is valued at $9,598,348. General Motors Company makes up approx 0.28% of Capstone Asset Management Co’s portfolio.Gradient Investments boosted its stake in GM in the latest quarter, The investment management firm added 12,495 additional shares and now holds a total of 149,243 shares of General Motors Company which is valued at $4,798,162. General Motors Company makes up approx 0.47% of Gradient Investments’s portfolio.Fisher Asset Management boosted its stake in GM in the latest quarter, The investment management firm added 2,613 additional shares and now holds a total of 18,290 shares of General Motors Company which is valued at $588,024.

General Motors Company opened for trading at $31.76 and hit $31.99 on the upside on Friday, eventually ending the session at $31.87, with a gain of 1.14% or 0.36 points. The heightened volatility saw the trading volume jump to 1,11,05,611 shares. Company has a market cap of $49,778 M.

On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on General Motors Company. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016.

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

General Motors Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Motors Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.