Nissay Asset Management Corp Japan ADV grew its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,110 shares of the auto manufacturer’s stock after purchasing an additional 3,834 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in General Motors were worth $6,860,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Reliance Trust Co. of Delaware grew its position in General Motors by 17.5% during the second quarter. Reliance Trust Co. of Delaware now owns 9,679 shares of the auto manufacturer’s stock worth $382,000 after buying an additional 1,439 shares in the last quarter. BKD Wealth Advisors LLC grew its position in General Motors by 1.9% during the first quarter. BKD Wealth Advisors LLC now owns 78,623 shares of the auto manufacturer’s stock worth $2,857,000 after buying an additional 1,445 shares in the last quarter. Wayne Hummer Investments L.L.C. grew its position in General Motors by 4.3% during the first quarter. Wayne Hummer Investments L.L.C. now owns 36,652 shares of the auto manufacturer’s stock worth $1,332,000 after buying an additional 1,526 shares in the last quarter. Princeton Capital Management LLC grew its position in General Motors by 25.2% during the first quarter. Princeton Capital Management LLC now owns 7,652 shares of the auto manufacturer’s stock worth $278,000 after buying an additional 1,540 shares in the last quarter. Finally, Stellar Capital Management LLC grew its position in General Motors by 3.1% during the second quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock worth $2,067,000 after buying an additional 1,555 shares in the last quarter. 73.01% of the stock is currently owned by institutional investors.

In other General Motors news, EVP Alan S. Batey sold 215,685 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the completion of the transaction, the executive vice president now owns 84,594 shares in the company, valued at $3,638,387.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Shares of GM opened at $36.29 on Friday. The stock has a market cap of $51.62 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.59. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.74. General Motors has a 12 month low of $34.50 and a 12 month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.03. The firm had revenue of $36.80 billion during the quarter, compared to analysts’ expectations of $36.62 billion. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 earnings per share. sell-side analysts anticipate that General Motors will post 6 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, September 6th. General Motors’s dividend payout ratio is 22.96%.

A number of research firms recently weighed in on GM. Citigroup decreased their target price on General Motors to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. JPMorgan Chase & Co. decreased their target price on General Motors from $58.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Piper Jaffray Companies set a $57.00 target price on General Motors and gave the stock an “overweight” rating in a research report on Tuesday, May 15th. Royal Bank of Canada lifted their target price on General Motors from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Finally, ValuEngine downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. General Motors currently has a consensus rating of “Buy” and a consensus target price of $47.21.

General Motors 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.

Further Reading: Diversification

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

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