Versor Investments LP acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,600 shares of the auto manufacturer's stock, valued at approximately $1,551,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital World Investors lifted its stake in shares of General Motors by 14.6% during the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock worth $2,211,609,000 after acquiring an additional 6,201,777 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of General Motors by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer's stock worth $601,730,000 after purchasing an additional 135,717 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Motors by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock valued at $600,291,000 after purchasing an additional 1,091,137 shares during the period. Diamond Hill Capital Management Inc. grew its holdings 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 purchasing an additional 421,989 shares during the last quarter. Finally, LSV Asset Management increased its stake in General Motors by 2.6% in the 2nd quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer's stock worth $411,052,000 after buying an additional 223,260 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.
GM has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on General Motors from $33.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Nomura Securities raised General Motors to a "strong sell" rating in a research report on Monday, August 5th. Nomura cut General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 price objective for the company. in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Finally, Wolfe Research began coverage on shares of General Motors in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.92.
Read Our Latest Stock Report on GM
In related news, President Mark L. Reuss sold 122,283 shares of the 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 in the company, valued at $7,000,190.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other General Motors news, President Mark L. Reuss sold 122,283 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now owns 126,907 shares in the company, valued at approximately $7,000,190.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the sale, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 653,511 shares of company stock worth $35,012,844 in the last ninety days. 0.72% of the stock is owned by corporate insiders.
Shares of GM stock traded up $0.74 during trading on Monday, hitting $56.32. 787,346 shares of the stock traded hands, compared to its average volume of 14,903,036. The firm has a market capitalization of $61.93 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. General Motors has a 52-week low of $26.64 and a 52-week high of $56.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm's fifty day moving average price is $48.81 and its 200-day moving average price is $46.89.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. General Motors's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.28 earnings per share. As a group, research analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is 5.12%.
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.
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