General Motors (NYSE:GM) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 37.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 39,291 shares of the auto manufacturer’s stock after selling 23,868 shares during the quarter. Vontobel Holding Ltd.’s holdings in General Motors were worth $1,762,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GM. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors during the second quarter valued at approximately $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of General Motors in the 2nd quarter worth $28,000. Fortitude Family Office LLC lifted its holdings in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 225 shares during the period. Montag A & Associates Inc. acquired a new position in General Motors during the first quarter worth about $30,000. Finally, EdgeRock Capital LLC bought a new stake in General Motors in the second quarter worth about $33,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $417,307.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other General Motors news, CFO Paul A. Jacobson acquired 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the purchase, the chief financial officer now owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $417,307.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays raised their price objective on shares of General Motors from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Nomura lowered 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. Sanford C. Bernstein lowered General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research report on Monday, September 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $54.00 price target on shares of General Motors in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.35.

General Motors Trading Down 0.4 %

Shares of NYSE GM opened at $49.18 on Friday. The stock has a market cap of $56.11 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.56 and a beta of 1.42. The business has a 50 day simple moving average of $47.01 and a 200 day simple moving average of $45.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. General Motors has a 52 week low of $26.30 and a 52 week high of $50.50.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company had revenue of $47.97 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the business posted $1.91 EPS. General Motors’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that General Motors will post 9.95 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.98%. General Motors’s dividend payout ratio is currently 5.87%.

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.