42,520 Shares in General Motors (NYSE:GM) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,520 shares of the auto manufacturer's stock, valued at approximately $1,907,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in General Motors in the third quarter worth $27,000. Truvestments Capital LLC bought a new position in General Motors in the 3rd quarter valued at $27,000. Wellington Shields Capital Management LLC purchased a new stake in shares of General Motors during the 2nd quarter valued at $28,000. Finally, EdgeRock Capital LLC bought a new stake in shares of General Motors during the 2nd quarter worth $33,000. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

Shares of NYSE GM traded up $0.23 during midday trading on Friday, hitting $52.53. 8,849,316 shares of the company's stock were exchanged, compared to its average volume of 14,725,391. The business's fifty day moving average price is $53.00 and its two-hundred day moving average price is $48.64. The company has a market cap of $57.76 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.39 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 12-month low of $34.32 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts forecast that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Announces Dividend

The company 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 dividend of $0.12 per share. 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 dividend payout ratio (DPR) is currently 5.12%.

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 9,307 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $459,787.13. This trade represents a 52.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on GM. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Barclays increased their target price on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $46.00 to $54.00 in a report on Tuesday. DZ Bank lowered General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. Finally, UBS Group raised their target price on General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.85.

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.