Mizuho Securities USA LLC Sells 15,094 Shares of General Motors (NYSE:GM)

Mizuho Securities USA LLC lowered its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,880 shares of the auto manufacturer's stock after selling 15,094 shares during the period. Mizuho Securities USA LLC's holdings in General Motors were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GM. Chicago Partners Investment Group LLC raised its stake in shares of General Motors by 15.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock worth $510,000 after purchasing an additional 1,559 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in General Motors by 12.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock valued at $73,070,000 after acquiring an additional 175,860 shares in the last quarter. Foster & Motley Inc. boosted its holdings in General Motors by 121.5% during the 3rd quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock worth $2,115,000 after acquiring an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC grew its stake in shares of General Motors by 115.1% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock worth $8,001,000 after acquiring an additional 95,484 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its holdings in shares of General Motors by 14.9% in the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer's stock valued at $7,264,000 after purchasing an additional 21,000 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

NYSE:GM traded up $2.85 during trading hours on Friday, hitting $58.53. The stock had a trading volume of 14,591,701 shares, compared to its average volume of 11,775,253. The company has a 50 day simple moving average of $50.74 and a two-hundred day simple moving average of $47.68. The firm has a market capitalization of $64.36 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a one year low of $27.93 and a one year high of $59.39.

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

General Motors Dividend Announcement

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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, December 6th. General Motors's dividend payout ratio (DPR) is currently 5.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Morgan Stanley lowered General Motors from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Barclays boosted their price objective on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Wedbush raised their target price on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Nomura Securities raised shares of General Motors to a "strong sell" rating in a report on Monday, August 5th. 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 MarketBeat, General Motors currently has an average rating of "Hold" and a consensus target price of $56.92.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of the company's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $459,787.13. This represents a 52.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the sale, the chief executive officer now owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,034,351 shares of company stock valued at $56,601,268. Insiders own 0.72% of the company's stock.

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.