Saturday, 17 February, 2018

General Motors shares rise on Q4 beat and new line of Crossovers

GM CFO Chuck Stevens discusses fourth-quarter earnings GM CFO Chuck Stevens discusses fourth-quarter earnings
Nellie Chapman | 07 February, 2018, 12:43

Ionic Capital Management Llc increased Ishares Tr (Call) (EFA) stake by 413,000 shares to 563,000 valued at $38.56M in 2017Q3.

WARNING: "General Motors (NYSE:GM) Shares Bought by Ridgewood Investments LLC" was published by StockNewsTimes and is the property of of StockNewsTimes. Full-year revenue was $145.6 billion, which also topped expectations. Deutsche Bank reiterated a buy rating on shares of General Motors in a research report on Friday, November 17th.

As of 1700 GMT, shares had gained 3.44% to $40.92 each. Generally, it indicates good short-term financial strength. Thrivent Financial For Lutherans now owns 117,717 shares of the auto manufacturer's stock worth $4,112,000 after purchasing an additional 5,649 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in General Motors by 43.5% during the 2nd quarter. (NASDAQ:AAPL) are owned by insiders with 60.72% six-month change in the insider ownership. The stock appeared $13.33 above its 52-week highs and is down -7.91% for the last five trades. Institutional investors own 72.49% of the company's stock.

On Monday, GM declared a first-quarter dividend of 38 cents per share.

Ford Motor Company (NYSE:F) plunged -4.39% with the closing price of $10.24. Barclays reiterated a "buy" rating and issued a $61.00 target price on shares of General Motors in a report on Tuesday, January 9th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44.

Analysts Practices; to watch unbiased undervalue securities, there is need to see following technical rations. Keefe Bruyette & Woods has "Hold" rating and $39.0 target. According to today's trading volume General Motors Company is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. (NYSE:TSS) shares. Watson Patricia A also sold $848,469 worth of Total System Services, Inc. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

In related news, insider Barry L. Engle II sold 50,443 shares of the business's stock in a transaction dated Tuesday, January 16th. 14,186 are owned by Parametrica Mgmt Ltd. Dumont Blake Invest Limited Liability Corp stated it has 14,645 shares or 0.07% of all its holdings. The disclosure for this sale can be found here.

The stock increased 2.59% or $0.265 during the last trading session, reaching $10.505. General Motors's cost of equity is 12.71%. The leverage ratio can measure how much of a company's capital comes from debt.

GM reported a fourth-quarter loss of $4.9 billion or $3.46 per share, compared with a profit of $2.1 billion or $1.36 per share a year earlier. On that basis analysts had expected earnings per share of $1.38. General Motors had a return on equity of 20.95% and a net margin of 2.00%.

GM also had $6.2 billion in non-cash costs for the year from the sale of its money-losing European Opel and Vauxhall operations to PSA Group (Paris). Investors of record on Friday, March 9th will be paid a $0.38 dividend. General Motors's dividend payout ratio (DPR) is 77.95%.

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General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. CEO Mary Barra cut the company's cord to Europe.