Global Financial Private Capital LLC cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,466 shares of the auto manufacturer’s stock after selling 3,558 shares during the period. Global Financial Private Capital LLC’s holdings in General Motors were worth $2,608,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Vicus Capital increased its position in shares of General Motors by 15.8% in the second quarter. Vicus Capital now owns 25,558 shares of the auto manufacturer’s stock worth $1,007,000 after purchasing an additional 3,483 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of General Motors by 21.6% in the third quarter. Nikko Asset Management Americas Inc. now owns 346,829 shares of the auto manufacturer’s stock worth $11,868,000 after purchasing an additional 61,723 shares during the last quarter. Trilogy Capital Inc. increased its position in shares of General Motors by 32.3% in the second quarter. Trilogy Capital Inc. now owns 21,586 shares of the auto manufacturer’s stock worth $850,000 after purchasing an additional 5,265 shares during the last quarter. Covenant Multifamily Offices LLC increased its position in shares of General Motors by 82.6% in the second quarter. Covenant Multifamily Offices LLC now owns 144,404 shares of the auto manufacturer’s stock worth $5,690,000 after purchasing an additional 65,343 shares during the last quarter. Finally, Pegasus Partners Ltd. increased its position in shares of General Motors by 13.3% in the second quarter. Pegasus Partners Ltd. now owns 41,923 shares of the auto manufacturer’s stock worth $1,652,000 after purchasing an additional 4,934 shares during the last quarter. Hedge funds and other institutional investors own 73.90% of the company’s stock.

Several research analysts recently weighed in on GM shares. Bank of America restated a “buy” rating and issued a $60.00 price objective on shares of General Motors in a research report on Wednesday, September 12th. Citigroup decreased their price objective on shares of General Motors to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Piper Jaffray Companies set a $51.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Guggenheim restated a “buy” rating and issued a $52.00 price objective on shares of General Motors in a research report on Friday, July 20th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $39.00 target price on shares of General Motors in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. General Motors presently has an average rating of “Buy” and a consensus price target of $46.38.

Shares of GM opened at $35.70 on Friday. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 0.70 and a beta of 1.25. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75. General Motors has a 1 year low of $30.56 and a 1 year high of $45.52.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.62. The business had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. General Motors had a return on equity of 25.81% and a net margin of 0.56%. General Motors’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. Sell-side analysts anticipate that General Motors will post 6.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Thursday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 22.96%.

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General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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