General Motors (NYSE:GM) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 74.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,165 shares of the auto manufacturer's stock after selling 41,081 shares during the quarter. EP Wealth Advisors LLC's holdings in General Motors were worth $635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of General Motors by 2.3% in the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock worth $412,000 after acquiring an additional 205 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of General Motors by 2.3% in the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock worth $430,000 after acquiring an additional 213 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in General Motors by 3.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,804 shares of the auto manufacturer's stock worth $316,000 after buying an additional 227 shares during the period. Institute for Wealth Management LLC. increased its stake in General Motors by 0.6% during the 2nd quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer's stock worth $1,702,000 after buying an additional 230 shares during the period. Finally, Metis Global Partners LLC increased its stake in General Motors by 0.6% during the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer's stock worth $1,625,000 after buying an additional 230 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 122,283 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value 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 trade represents a 49.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, 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. Insiders sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last 90 days. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

GM has been the topic of several recent research reports. HSBC downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research note on Wednesday. UBS Group upped their target price on shares of General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. 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. Barclays upped their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Mizuho upped their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Motors has an average rating of "Hold" and a consensus price target of $58.85.

General Motors Stock Up 0.5 %

Shares of NYSE GM traded up $0.26 during mid-day trading on Thursday, reaching $52.30. The company had a trading volume of 9,389,885 shares, compared to its average volume of 14,739,590. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $52.72 and a two-hundred day simple moving average of $48.56. The stock has a market cap of $57.51 billion, a P/E ratio of 5.55, a PEG ratio of 0.40 and a beta of 1.42. General Motors has a 52-week low of $32.83 and a 52-week 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 EPS. Sell-side analysts predict that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

About General Motors

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.