Asset Management One Co. Ltd. Has $19.03 Million Holdings in General Motors (NYSE:GM)

Asset Management One Co. Ltd. trimmed its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 424,374 shares of the auto manufacturer’s stock after selling 1,530 shares during the period. Asset Management One Co. Ltd.’s holdings in General Motors were worth $19,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its position in General Motors by 34.5% during the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer’s stock worth $37,000 after buying an additional 203 shares in the last quarter. Allworth Financial LP increased its position in shares of General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after purchasing an additional 205 shares during the period. Fortitude Family Office LLC lifted its position in General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares during the period. SeaCrest Wealth Management LLC boosted its stake in General Motors by 3.5% during the second quarter. SeaCrest Wealth Management LLC now owns 6,804 shares of the auto manufacturer’s stock worth $316,000 after buying an additional 227 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its holdings in General Motors by 0.6% in the 2nd quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer’s stock valued at $1,702,000 after buying an additional 230 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 3.7 %

Shares of NYSE:GM opened at $53.71 on Wednesday. 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 stock has a market cap of $59.06 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 0.39 and a beta of 1.40. The company has a 50 day moving average of $48.46 and a 200-day moving average of $46.66. General Motors has a one year low of $26.30 and a one year high of $54.29.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is currently 5.12%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GM shares. Wells Fargo & Company upped their target price on shares of General Motors from $33.00 to $38.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein increased their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. The Goldman Sachs Group boosted their price target on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. UBS Group upped their price target on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 target price on shares of General Motors in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.92.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $459,787.13. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction dated 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 approximately $37,040,244.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 531,228 shares of company stock worth $28,267,714. 0.72% of the stock is currently owned by company insiders.

General Motors 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.