Allworth Financial LP Has $412,000 Position in General Motors (NYSE:GM)

Allworth Financial LP grew its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 2.3% during the third quarter, Holdings Channel.com reports. The firm owned 9,184 shares of the auto manufacturer’s stock after acquiring an additional 205 shares during the period. Allworth Financial LP’s holdings in General Motors were worth $412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 valued at $287,408,000 after acquiring an additional 492,693 shares during the period. BDF Gestion acquired a new position in shares of General Motors during the second quarter valued at $2,886,000. Atomi Financial Group Inc. acquired a new position in shares of General Motors during the first quarter valued at $244,000. Cetera Investment Advisers lifted its stake in shares of General Motors by 98.5% during the first quarter. Cetera Investment Advisers now owns 330,611 shares of the auto manufacturer’s stock valued at $14,993,000 after acquiring an additional 164,083 shares during the period. Finally, Susquehanna International Group Ltd. acquired a new position in shares of General Motors during the second quarter valued at $636,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 2.2 %

GM stock opened at $51.55 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 0.99. The stock has a market capitalization of $56.68 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.60 and a beta of 1.42. The business has a 50-day moving average of $48.06 and a 200-day moving average of $46.33. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $54.29.

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 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 return on equity of 16.30% and a net margin of 6.06%. General Motors’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. On average, sell-side analysts anticipate that General Motors will post 10.05 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. General Motors’s dividend payout ratio is 5.12%.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $459,787.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other General Motors 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 completion of the transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $459,787.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 531,228 shares of company stock worth $28,267,714 over the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Nomura Securities upgraded General Motors to a “strong sell” rating in a report on Monday, August 5th. UBS Group upped their price objective on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. The Goldman Sachs Group upped their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Barclays upped their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors presently has an average rating of “Hold” and a consensus price target of $56.92.

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.