Assetmark INC Decreased Its Stake in General Mtrs Co Com (GM)

April 20, 2018 - By Toni Killen

General Motors Company (NYSE:GM) Corporate LogoBig Money Sentiment increased to 0.9 in Q4 2017. It has change of 0.03, from 2017Q3’s 0.87. The ratio is positive due to GM positioning: 64 sold and 322 reduced. 122 funds amassed stakes and 225 increased stakes. Investors holded 1.01 billion in 2017Q3 but now own 999.45 million shares or 1.00% less. Chevy Chase reported 1.48 million shs. 648,418 are owned by Nuveen Asset Management Ltd Company. Bokf Na holds 0.01% of its capital in General Motors Company (NYSE:GM) for 11,975 shs. 41,370 were reported by Rand Wealth Limited Liability Corporation. Sawgrass Asset Mngmt Limited Liability Co invested in 0.04% or 23,080 shs. Factory Mutual holds 0.07% or 172,000 shs. North Star Inv Mngmt reported 0.03% of its capital in General Motors Company (NYSE:GM). Gluskin Sheff invested in 748,197 shs. Argent Trust invested 0.38% of its capital in General Motors Company (NYSE:GM). Cipher Cap Ltd Partnership reported 88,541 shs or 0.29% of all its holdings. Clarivest Asset Mngmt Limited Com owns 28,970 shs. 824,110 are owned by Raymond James Assocs. Sumitomo Mitsui reported 4.19 million shs stake. Ameritas Investment Prns owns 27,672 shs or 0.05% of their US capital. Focused Wealth invested in 10,548 shs.

Based on the latest 2017Q4 regulatory filing with the SEC, Assetmark Inc reduced its holdings in General Mtrs Co Com (GM) by 23.64%. The company’s stock sank 17.02% while Assetmark Inc sold 216,926 shares. The institutional investor is holding 700,518 shares, compared to the 917,444 from the previous quarter. And the announced value of the auto manufacturing company is $28.71M for the 2017Q4. General Mtrs Co Com has $52.90 billion market cap. GM is touching $37.77 during the last trading session, after decreased 2.98%.General Motors Company has volume of 10.23 million shares. Since April 20, 2017 GM has risen 0.46% and is uptrending. The stock underperformed the S&P500 by 11.09%.

About $13.57 billion and $9.70B US Long portfolio the Assetmark Inc manages. Its stake in Vanguard Bd Index Fd Inc Total Bnd Mrkt (BND) was upped by 213,930 shares to 1.57 million shares valued at $128.41M in 2017Q4, according to the filing. Assetmark Inc has risen its stake in Twenty First Centy Fox Inc Cl A (NASDAQ:FOXA) and also increased its holding in Anthem Inc Com (NYSE:ANTM) by 21,052 shares in the quarter, for a total of 107,664 shares.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 26 before the open. They expect $1.26 earnings per share, down 25.88 % or $0.44 from last year’s $1.7 per share. GM’s profit will be $1.76 billion for 7.49 P/E if the $1.26 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.64 % negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

A total of 15 analysts rate General Motors (NYSE:GM) as follows: 10 “Buy”, 4 “Hold” and 1 “Sell”. Тherefore 67% are bullish. The firm has $70.0 highest and $40 lowest target. The avg target $51.15 is 35.42% above the last ($37.77) price. (NYSE:GM) has 25 ratings reports on Apr 20, 2018 according to StockzIntelligence. On Wednesday, February 14 the company was maintained by Morgan Stanley. On Tuesday, October 24 Piper Jaffray maintained the shares of GM in report with “Buy” rating. On Wednesday, October 25 the firm has “Equal-Weight” rating given by Morgan Stanley. In Wednesday, October 25 report Craig Hallum maintained the stock with “Hold” rating. On Sunday, March 4 the rating was maintained by BMO Capital Markets with “Hold”. On Monday, October 30 Jefferies maintained General Motors Company (NYSE:GM) rating. Jefferies has “Hold” rating and $40 target. On Wednesday, February 7 the rating was maintained by Bank of America with “Buy”. On Monday, November 20 the stock of General Motors Company (NYSE:GM) has “Buy” rating given by Guggenheim. In Wednesday, October 25 report Deutsche Bank maintained the stock with “Buy” rating. The company rating was upgraded by Citigroup on Wednesday, October 25.

General Motors Company (NYSE:GM) Institutional Investors Chart

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