Signaturefd LLC Sells 480 Shares of General Motors (NYSE:GM)

Signaturefd LLC lowered its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,210 shares of the auto manufacturer’s stock after selling 480 shares during the period. Signaturefd LLC’s holdings in General Motors were worth $906,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital World Investors grew its stake in shares of General Motors by 14.6% during the first 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 grew its position in General Motors by 1.1% during the 2nd 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 increased its stake in General Motors by 9.2% during the 2nd 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 in the last quarter. LSV Asset Management raised its holdings in shares of General Motors by 2.6% in the second 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 last quarter. Finally, ACR Alpine Capital Research LLC lifted its stake in shares of General Motors by 8.4% during the first quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after buying an additional 492,693 shares during the period. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of the firm’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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 531,228 shares of company stock worth $28,267,714. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Sanford C. Bernstein cut General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 price objective for the company. in a research note on Monday, September 23rd. Nomura Securities upgraded General Motors to a “strong sell” rating in a research report on Monday, August 5th. Royal Bank of Canada raised their price target on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wedbush upped their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of “Hold” and a consensus price target of $56.97.

General Motors Trading Down 0.4 %

Shares of GM stock opened at $52.70 on Friday. General Motors has a 1-year low of $26.30 and a 1-year high of $54.29. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.56 and a beta of 1.42. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $47.52 and a 200-day simple moving average of $46.09.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts expect that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s payout ratio is 5.87%.

About General Motors

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.