BTC Capital Management Inc. boosted its position in shares of General Motors Co. (NYSE:GM) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,873 shares of the auto manufacturer’s stock after buying an additional 6,458 shares during the period. BTC Capital Management Inc.’s holdings in General Motors were worth $2,170,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. North Star Investment Management Corp. increased its position in General Motors by 809.5% in the second quarter. North Star Investment Management Corp. now owns 4,602 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 4,096 shares in the last quarter. Mariner Wealth Advisors LLC increased its position in General Motors by 0.3% in the first quarter. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 20 shares in the last quarter. V Wealth Management LLC increased its position in General Motors by 4.7% in the second quarter. V Wealth Management LLC now owns 7,941 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 355 shares in the last quarter. Trust Co bought a new position in General Motors during the first quarter worth $271,000. Finally, Ausdal Financial Partners Inc. bought a new position in General Motors during the second quarter worth $247,000. 70.43% of the stock is currently owned by institutional investors and hedge funds.
General Motors Co. (NYSE:GM) traded up 1.513% during trading on Wednesday, hitting $31.875. The stock had a trading volume of 3,508,357 shares. The stock has a market capitalization of $49.79 billion, a P/E ratio of 4.082 and a beta of 1.65. General Motors Co. has a 52 week low of $26.69 and a 52 week high of $36.88. The company has a 50-day moving average of $31.74 and a 200-day moving average of $30.90.
GM has been the subject of several research analyst reports. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, June 22nd. Tigress Financial reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, June 22nd. Vetr downgraded General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 target price for the company. in a research note on Monday, June 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $41.00 target price (down from $43.50) on shares of General Motors in a research note on Thursday, June 30th. Finally, Goldman Sachs Group Inc. set a $36.00 target price on General Motors and gave the stock a “neutral” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. General Motors presently has an average rating of “Hold” and an average price target of $36.67.
In related news, Director Jane L. Mendillo purchased 1,600 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average cost of $31.01 per share, with a total value of $49,616.00. Following the completion of the acquisition, the director now directly owns 1,600 shares of the company’s stock, valued at $49,616. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total value of $199,625.00. Following the completion of the transaction, the vice president now directly owns 27,477 shares of the company’s stock, valued at $877,615.38. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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