GSA Capital Partners LLP Boosts Holdings in General Motors (NYSE:GM)

GSA Capital Partners LLP lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 119.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,273 shares of the auto manufacturer's stock after buying an additional 32,745 shares during the quarter. GSA Capital Partners LLP's holdings in General Motors were worth $2,703,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its holdings in General Motors by 34.5% in the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer's stock worth $37,000 after purchasing an additional 203 shares during the period. Allworth Financial LP grew its holdings in shares of General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock valued at $412,000 after buying an additional 205 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of General Motors by 56.1% during 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 during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of General Motors by 3.5% during the second quarter. SeaCrest Wealth Management LLC now owns 6,804 shares of the auto manufacturer's stock valued at $316,000 after buying an additional 227 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in shares of General Motors by 0.6% during the second quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer's stock valued at $1,702,000 after buying an additional 230 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rory Harvey sold 2,302 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 10,356 shares of the company's stock, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares of the company's stock, valued at $489,942.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the sale, the chief executive officer now directly owns 694,548 shares of the company's stock, valued at $37,040,244.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 653,511 shares of company stock valued at $35,012,844. Corporate insiders own 0.72% of the company's stock.

General Motors Price Performance

General Motors stock traded down $0.25 during midday trading on Tuesday, reaching $57.41. 10,216,230 shares of the stock were exchanged, compared to its average volume of 14,929,320. The company's fifty day moving average is $48.97 and its 200-day moving average is $46.98. The firm has a market cap of $63.13 billion, a PE ratio of 6.14, 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 $58.29. 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 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. The firm had revenue of $48.76 billion for 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 business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. On average, sell-side analysts forecast that General Motors will post 10.34 EPS for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.84%. General Motors's dividend payout ratio (DPR) is 5.12%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GM. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. Nomura Securities raised shares of General Motors to a "strong sell" rating in a research report on Monday, August 5th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Wolfe Research started coverage on shares of General Motors in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Four research analysts have rated the stock with a sell rating, seven have issued 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 has a consensus rating of "Hold" and a consensus target price of $56.92.

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.