BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $36.47 Million Stock Holdings in General Motors (NYSE:GM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 813,223 shares of the auto manufacturer's stock after selling 55,810 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.07% of General Motors worth $36,465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors in the third quarter valued at $27,000. Wellington Shields Capital Management LLC bought a new position in shares of General Motors in the second quarter valued at $28,000. Fortitude Family Office LLC increased its holdings in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock valued at $29,000 after buying an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in shares of General Motors in the second quarter valued at $33,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Performance

GM stock traded up $2.85 during mid-day trading on Friday, reaching $58.53. 14,591,701 shares of the stock traded hands, compared to its average volume of 11,775,253. The business has a 50-day moving average of $50.74 and a two-hundred day moving average of $47.68. The firm has a market capitalization of $64.36 billion, a PE ratio of 6.24, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $27.93 and a 52 week high of $59.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. As a group, equities analysts predict that General Motors will post 10.35 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. Stockholders of record on Friday, December 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

Insider Activity

In other news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company's stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,034,351 shares of company stock valued at $56,601,268. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wedbush upped their price target on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Morgan Stanley downgraded shares of General Motors from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. Wolfe Research assumed coverage on shares of General Motors in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research note on Friday, October 11th. Finally, The Goldman Sachs Group boosted their target price on shares of General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.