General Motors (NYSE:GM) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 119.0% during the 3rd quarter, Holdings Channel reports. The firm owned 60,273 shares of the auto manufacturer’s stock after purchasing an additional 32,745 shares during the quarter. GSA Capital Partners LLP’s holdings in General Motors were worth $2,703,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Versor Investments LP acquired a new stake in shares of General Motors in the third quarter valued at about $1,551,000. Venturi Wealth Management LLC lifted its stake in shares of General Motors by 28.5% in the third quarter. Venturi Wealth Management LLC now owns 1,626 shares of the auto manufacturer’s stock worth $73,000 after buying an additional 361 shares in the last quarter. Proffitt & Goodson Inc. lifted its stake in shares of General Motors by 6.8% in the third quarter. Proffitt & Goodson Inc. now owns 12,645 shares of the auto manufacturer’s stock worth $567,000 after buying an additional 801 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of General Motors by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer’s stock worth $498,310,000 after buying an additional 421,989 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of General Motors in the third quarter worth about $44,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 2,302 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares in the company, valued at approximately $489,942.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 653,511 shares of company stock worth $35,012,844. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on GM. Nomura downgraded shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target on the stock. in a research note on Monday, August 5th. The Goldman Sachs Group lifted their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $53.00 target price on shares of General Motors in a research note on Tuesday, September 10th. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley downgraded shares of General Motors from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.92.

General Motors Trading Up 3.7 %

NYSE GM opened at $57.66 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $26.64 and a 52 week high of $58.22. The stock has a market capitalization of $63.40 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. The firm has a 50 day moving average of $48.81 and a two-hundred day moving average of $46.89.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.28 EPS. As a group, research analysts expect that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.83%. General Motors’s dividend payout ratio is presently 5.12%.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.