General Motors Posts Strong Results Despite Its Losses

GM cars

General Motors Posts Strong Results Despite Its Losses

Insiders sold 47,752 shares of company stock valued at $603,965 in the last three months. The First Republic Investment Management Inc holds 159,867 shares with $6.46 million value, up from 142,576 last quarter. The company's market cap is $19.63 Billion, and the average volume is $21.18 Million. The stock increased 5.08% or $0.52 during the last trading session, reaching $10.76. About 251,565 shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 7, 2017 and is uptrending. It has underperformed by 40.50% the S&P500.

Investment Centers Of America Inc decreased its stake in Ford Mtr Co Del (F) by 32.94% based on its latest 2017Q3 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc sold 33,550 shares as the company's stock declined 12.09% while stock markets rallied. General Mtrs Co now has $61.26 billion valuation. In trading Tuesday, GM shares were up 4.2% at $41.17.

A $7.3 billion accounting charge pushed General Motors into a $3.9 billion net loss for 2017, but without the expense the company posted record per-share earnings. The company now has a consensus rating of "Hold" and an average price target of $12.66. Therefore 55% are positive. F&M Bank had 57 analyst reports since August 7, 2015 according to SRatingsIntel.

Receive General Motors Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company with MarketBeat.com's FREE daily email newsletter. On Monday, September 11 the stock rating was maintained by Piper Jaffray with "Buy". The solid performance from GM underscores the current struggles of cross-town rival Ford Motor Co to boost its own profitability. Citigroup maintained Ford Motor Company (NYSE:F) on Monday, October 30 with "Neutral" rating. (NASDAQ:AAPL) by 2.79% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

GM's announcement comes on the heels of Ford Motor's profit-sharing payouts of $7,500 for 54,000 employees, which was in addition to the $2,000 bonuses it paid employees because of President Donald Trump's tax reform law.

Investors sentiment decreased to 0.87 in 2017 Q3. Following the transaction, the insider now directly owns 103,052 shares in the company, valued at $4,440,510.68. Moreover, Stanley Cap Ltd Liability Com has 2.51% invested in General Motors Company (NYSE:GM) for 111,437 shares.

Relative strength index (RSI-14) for General Motors Company (GM) is at 45.75. Vanguard Group Inc. grew its position in shares of Ford Motor by 1.0% during the 2nd quarter. 65,296 are owned by Bnp Paribas Asset Mgmt Sa. Highvista Strategies Limited Com invested in 0.1% or 10,500 shares. Daiwa Securities downgraded General Motors Company (NYSE:GM) on Wednesday, January 11 to "Underperform" rating. Carroll Fin holds 7,236 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.12% of its portfolio in General Motors Company (NYSE:GM) for 332,369 shares. Tudor Pickering upgraded the shares of HFC in report on Tuesday, November 1 to "Hold" rating. Palladium Ptnrs Limited has invested 0.03% in General Motors Company (NYSE:GM). Company insiders own 0.04% of the company's stock. Mutual Of America Management Ltd Liability holds 0.11% or 161,001 shares.

(NYSE:F) as Buy, 1 analysts given Outperform signal, 4 reported Hold, and 0 analysts rated the stock as Sell. Therefore 38% are positive. Now Inc had 34 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained NOW Inc. Robert W. Baird has "Buy" rating and $20.0 target. On Wednesday, April 27 the stock rating was maintained by Maxim Group with "Buy". General Motors now has a consensus rating of "Hold" and a consensus price target of $44.22. Barclays Capital maintained it with "Equalweight" rating and $52 target in Monday, July 11 report. The stock has "Buy" rating by Rosenblatt on Wednesday, September 9. It also reduced its holding in Snap (NYSE:SNA) by 115,820 shares in the quarter, leaving it with 27,030 shares, and cut its stake in Cbs Corp (NYSE:CBS).

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