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 Video: What is a Stock Split?
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| General Motors Financial provides automobile financing solutions. Co. operates in two segments: North America (consisting of operations in the U.S. and Canada), which purchases auto finance contracts for new and used vehicles from GM and non-GM-franchised and independent automobile dealerships; and International (consisting of operations in all other countries), which includes international auto finance and financial services activities in Europe and the Latin American operations. At Dec 31 2013, Co.'s portfolio consisted of $33.30 billion of auto loans and leases and commercial dealer loans, comprised of $16.80 billion in North America and $16.50 billion in its international operations. According to our ACF split history records, ACF has had 2 splits. | |
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ACF (ACF) has 2 splits in our ACF split history database. The first split for ACF took place on May 07, 1990. This was a 3 for 2
split, meaning for each 2
shares of ACF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. ACF's second split took place on October 01, 1998. This was a 2 for 1
split, meaning for each share of ACF owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as ACF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ACF split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACF shares, starting with a $10,000 purchase of ACF, presented on a split-history-adjusted basis factoring in the complete ACF split history.
ACF -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/07/1990 | 3 for 2
| | 10/01/1998 | 2 for 1
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