General Motors (NYSE:GM) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,438 shares of the auto manufacturer's stock after selling 32,311 shares during the quarter. Atria Investments Inc's holdings in General Motors were worth $9,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its stake in General Motors by 38.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 19,497 shares of the auto manufacturer's stock valued at $874,000 after acquiring an additional 5,375 shares during the period. Holistic Planning LLC bought a new position in shares of General Motors in the 3rd quarter worth approximately $249,000. CWA Asset Management Group LLC bought a new position in shares of General Motors in the 3rd quarter worth approximately $235,000. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of General Motors by 1.0% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 475,069 shares of the auto manufacturer's stock worth $21,297,000 after purchasing an additional 4,739 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of General Motors in the 3rd quarter worth approximately $37,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Up 3.7 %

Shares of NYSE GM traded up $2.08 during mid-day trading on Monday, reaching $57.66. 11,265,442 shares of the company's stock were exchanged, compared to its average volume of 14,951,101. The firm has a market capitalization of $63.40 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.42 and a beta of 1.40. General Motors has a 52-week low of $26.64 and a 52-week high of $58.22. The company's 50-day moving average is $48.81 and its 200-day moving average is $46.89. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating 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 business had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. During the same period last year, the business earned $2.28 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.83%. General Motors's dividend payout ratio is presently 5.12%.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the 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 owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other General Motors news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the transaction, the executive vice president now directly owns 10,356 shares of the company's stock, valued at approximately $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares of the company's stock, valued at approximately $7,000,190.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 653,511 shares of company stock worth $35,012,844 over the last 90 days. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GM. Wells Fargo & Company increased their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Nomura Securities raised shares of General Motors to a "strong sell" rating in a report on Monday, August 5th. Sanford C. Bernstein increased their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Finally, Morgan Stanley lowered shares of General Motors from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $47.00 to $42.00 in a report on Wednesday, September 25th. Four research 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 data from MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus price target of $56.92.

General Motors Company 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.