NewSquare Capital LLC increased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,671 shares of the auto manufacturer’s stock after acquiring an additional 1,621 shares during the period. NewSquare Capital LLC’s holdings in General Motors were worth $1,319,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Meridian Wealth Management LLC purchased a new position in General Motors in the first quarter worth about $249,000. Achmea Investment Management B.V. purchased a new position in shares of General Motors during the first quarter valued at approximately $8,641,000. Piedmont Investment Advisors LLC boosted its position in shares of General Motors by 0.8% during the first quarter. Piedmont Investment Advisors LLC now owns 297,452 shares of the auto manufacturer’s stock valued at $10,518,000 after buying an additional 2,489 shares during the period. UBS Oconnor LLC boosted its position in shares of General Motors by 6.5% during the first quarter. UBS Oconnor LLC now owns 1,140,611 shares of the auto manufacturer’s stock valued at $40,332,000 after buying an additional 69,799 shares during the period. Finally, Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of General Motors during the first quarter valued at approximately $106,000. Institutional investors own 74.51% of the company’s stock.
General Motors Company (GM) traded up $0.74 during mid-day trading on Friday, hitting $43.60. 11,247,300 shares of the stock traded hands, compared to its average volume of 13,425,877. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors Company has a twelve month low of $31.92 and a twelve month high of $46.76. The stock has a market cap of $62,550.00, a price-to-earnings ratio of 6.92, a P/E/G ratio of 0.74 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. research analysts expect that General Motors Company will post 6.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.49%. General Motors’s dividend payout ratio (DPR) is presently 32.90%.
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In other General Motors news, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.59, for a total value of $5,513,330.55. Following the completion of the sale, the executive vice president now owns 150,484 shares in the company, valued at approximately $6,710,081.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 971,122 shares of company stock valued at $40,627,952. Insiders own 0.04% of the company’s stock.
Several research analysts have issued reports on GM shares. Piper Jaffray Companies restated a “buy” rating and set a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price for the company. in a research report on Monday. Citigroup Inc. restated a “buy” rating and set a $53.00 target price on shares of General Motors in a research report on Monday, October 2nd. Berenberg Bank set a $31.00 target price on General Motors and gave the company a “sell” rating in a research report on Monday, August 14th. Finally, Standpoint Research lowered General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.61.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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