Advisory Services Network buys $932,039 stake in General Motors Company (GM)

General Motors Company (GM) : Advisory Services Network scooped up 8,592 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 7, 2016. The investment management firm now holds a total of 28,820 shares of General Motors Company which is valued at $932,039.General Motors Company makes up approximately 0.18% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in GM in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 362,921 shares of General Motors Company which is valued at $11,736,865. General Motors Company makes up approx 0.25% of Exxonmobil Investment Management Inc Tx’s portfolio.Summit Financial Wealth Advisors boosted its stake in GM in the latest quarter, The investment management firm added 3,120 additional shares and now holds a total of 20,536 shares of General Motors Company which is valued at $671,116. General Motors Company makes up approx 0.29% of Summit Financial Wealth Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GM by selling 351,695 shares or 29.39% in the most recent quarter. The Hedge Fund company now holds 845,145 shares of GM which is valued at $27,619,339. General Motors Company makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in GM in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 13,661 shares of General Motors Company which is valued at $446,441. General Motors Company makes up approx 0.11% of Washington Trust Bank’s portfolio.Cacti Asset Management reduced its stake in GM by selling 6,750 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 881,345 shares of GM which is valued at $28,802,355. General Motors Company makes up approx 2.93% of Cacti Asset Management’s portfolio.

General Motors Company closed down -0.19 points or -0.58% at $32.34 with 89,09,389 shares getting traded on Friday. Post opening the session at $32.5, the shares hit an intraday low of $32.05 and an intraday high of $32.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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