Schroder Investment Management Group lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 427,214 shares of the auto manufacturer’s stock after acquiring an additional 18,371 shares during the quarter. Schroder Investment Management Group’s holdings in General Motors were worth $17,336,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Intrust Bank NA increased its position in General Motors by 0.3% during the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares during the last quarter. IFC Holdings Incorporated FL increased its position in General Motors by 0.3% during the second quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after buying an additional 88 shares during the last quarter. Eads & Heald Investment Counsel increased its position in General Motors by 2.9% during the second quarter. Eads & Heald Investment Counsel now owns 5,910 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 165 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in General Motors by 2.7% during the second quarter. Peapack Gladstone Financial Corp now owns 6,428 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 166 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its position in General Motors by 0.3% during the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 88,679 shares of the auto manufacturer’s stock worth $3,098,000 after buying an additional 305 shares during the last quarter. 73.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Motors (GM) traded down $0.25 during mid-day trading on Wednesday, hitting $42.80. The company had a trading volume of 11,301,400 shares, compared to its average volume of 13,474,719. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $61,148.57, a PE ratio of 6.95, a P/E/G ratio of 0.75 and a beta of 1.54. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.
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 paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is currently 77.95%.
In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.90, for a total transaction of $409,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan S. Batey sold 234,274 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the sale, the insider now owns 67,548 shares of the company’s stock, valued at $2,569,525.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,122 shares of company stock valued at $40,627,952. 0.04% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on GM shares. Deutsche Bank reissued a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research report on Monday, November 13th. Royal Bank Of Canada upped their target price on General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. Finally, UBS reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of General Motors in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.70.
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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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