General Motors (GM) Holding Boosted by Mutual of Omaha Bank Wealth Management

General Motors (GM) Holding Boosted  by Mutual of Omaha Bank Wealth Management

Mutual of Omaha Bank Wealth Management increased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,820 shares of the auto manufacturer’s stock after acquiring an additional 4,300 shares during the quarter. Mutual of Omaha Bank Wealth Management’s holdings in General Motors were worth $897,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in General Motors by 9.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 129,361 shares of the auto manufacturer’s stock worth $4,356,000 after acquiring an additional 11,139 shares in the last quarter. MML Investors Services LLC grew its position in General Motors by 67.4% in the third quarter. MML Investors Services LLC now owns 110,433 shares of the auto manufacturer’s stock worth $3,718,000 after acquiring an additional 44,449 shares in the last quarter. Kingstown Capital Management L.P. grew its position in General Motors by 6.7% in the third quarter. Kingstown Capital Management L.P. now owns 1,600,000 shares of the auto manufacturer’s stock worth $53,872,000 after acquiring an additional 100,000 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in General Motors by 21.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 346,829 shares of the auto manufacturer’s stock worth $11,868,000 after acquiring an additional 61,723 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in General Motors by 62.6% in the third quarter. Ontario Teachers Pension Plan Board now owns 222,075 shares of the auto manufacturer’s stock worth $7,477,000 after acquiring an additional 85,458 shares in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.

NYSE GM opened at $38.70 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.92 and a debt-to-equity ratio of 1.71. The firm has a market cap of $54.55 billion, a P/E ratio of 5.92, a PEG ratio of 0.72 and a beta of 1.26. General Motors has a 1 year low of $30.56 and a 1 year high of $45.00.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.22. The business had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. General Motors’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 EPS. On average, equities research analysts expect that General Motors will post 6.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, March 7th. General Motors’s dividend payout ratio is currently 23.24%.

Several research firms have commented on GM. BMO Capital Markets boosted their target price on shares of General Motors from $41.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, January 14th. Barclays reissued a “buy” rating and issued a $49.00 target price on shares of General Motors in a research report on Monday, January 14th. Deutsche Bank began coverage on shares of General Motors in a research report on Thursday, December 13th. They issued a “buy” rating for the company. ValuEngine raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Citigroup boosted their target price on shares of General Motors to $67.00 and gave the stock a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.97.

General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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