Janney Capital Management LLC Position in General Motors Company (GM) Cut as Shares Declined

May 16, 2018 - By Gary Horn

General Motors Company (NYSE:GM) LogoInvestors sentiment increased to 0.9 in 2017 Q4. Its up 0.03, from 0.87 in 2017Q3. It increased, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. Price T Rowe Associates Md accumulated 3.26M shares. Vanguard Gp has invested 0.16% in General Motors Company (NYSE:GM). Mitsubishi Ufj & Bk stated it has 2.94M shares. Dynamic Advsrs Solutions Ltd Liability Co has 0.67% invested in General Motors Company (NYSE:GM). Cetera Advisor Network Ltd Liability holds 38,680 shares or 0.07% of its portfolio. Kempner Cap Management Inc accumulated 185,175 shares or 4.74% of the stock. Da Davidson And holds 0.1% or 111,170 shares in its portfolio. Pinebridge Invests Ltd Partnership holds 564 shares. Snow Cap LP stated it has 0.08% in General Motors Company (NYSE:GM). Boston Private Wealth Ltd Liability reported 107,057 shares or 0.17% of all its holdings. Bartlett holds 0% or 51 shares. Moon Mngmt LP reported 198,092 shares or 2.51% of all its holdings. Foster And Motley holds 0.04% or 5,443 shares in its portfolio. Pineno Levin And Ford Asset Management invested in 1.63% or 95,173 shares. Zacks Invest owns 151,028 shares.

Janney Capital Management Llc decreased its stake in General Motors Company (GM) by 22.48% based on its latest 2017Q4 regulatory filing with the SEC. Janney Capital Management Llc sold 130,429 shares as the company’s stock declined 17.02% with the market. The institutional investor held 449,744 shares of the auto manufacturing company at the end of 2017Q4, valued at $18.44 million, down from 580,173 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in General Motors Company for a number of months, seems to be less bullish one the $52.49B market cap company. The stock increased 0.81% or $0.3 during the last trading session, reaching $37.24. About 1.60M shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 16, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Janney Capital Management Llc, which manages about $3.30B and $2.34 billion US Long portfolio, upped its stake in Berkshire Hathaway B New (BRKB) by 82,433 shares to 85,079 shares, valued at $16.86M in 2017Q4, according to the filing.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.82 EPS, down 3.70 % or $0.07 from last year’s $1.89 per share. GM’s profit will be $2.57 billion for 5.12 P/E if the $1.82 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 27.27 % EPS growth.

More notable recent General Motors Company (NYSE:GM) news were published by: Nasdaq.com which released: “Will GM Korea Turn a Profit in 2019?” on May 15, 2018, also Globenewswire.com with their article: “General Motors (GM) Recognizes Lydall for Performance, Quality, and Innovation” published on May 07, 2018, 247Wallst.com published: “What to Look For When GM Reports Earnings Thursday Morning” on April 25, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “GM Korea avoids bankruptcy with wage deal” published on April 23, 2018 as well as Seekingalpha.com‘s news article titled: “Investment plan increase for GM Korea” with publication date: April 25, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

Among 11 analysts covering General Motors (NYSE:GM), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. General Motors had 16 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, December 19 by RBC Capital Markets. The firm has “Buy” rating given on Monday, November 20 by Guggenheim. As per Monday, January 22, the company rating was maintained by RBC Capital Markets. The stock of General Motors Company (NYSE:GM) has “Buy” rating given on Tuesday, January 16 by CFRA. The firm has “Buy” rating given on Wednesday, February 7 by Bank of America. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Guggenheim on Wednesday, February 7. On Monday, February 12 the stock rating was maintained by Citigroup with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. BMO Capital Markets maintained it with “Hold” rating and $42.0 target in Sunday, March 4 report. The firm earned “Buy” rating on Tuesday, February 6 by Piper Jaffray.

General Motors Company (NYSE:GM) Institutional Positions Chart

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