General Motors (NYSE:GM) Given New $55.00 Price Target at Sanford C. Bernstein

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its price objective hoisted by Sanford C. Bernstein from $53.00 to $55.00 in a research report report published on Friday morning, Benzinga reports. They currently have a market perform rating on the auto manufacturer's stock.

Several other equities research analysts also recently commented on GM. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $53.00 price target on shares of General Motors in a research report on Tuesday, September 10th. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a report on Friday, October 11th. The Goldman Sachs Group raised their price objective on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Nomura cut shares of General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 target price for the company. in a research report on Monday, August 5th. Finally, Barclays lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors currently has an average rating of "Hold" and an average price target of $57.06.

General Motors Stock Down 1.2 %

GM stock traded down $0.65 during trading on Friday, reaching $52.07. The stock had a trading volume of 8,484,350 shares, compared to its average volume of 15,136,464. The company has a market capitalization of $59.41 billion, a P/E ratio of 6.36, a PEG ratio of 0.56 and a beta of 1.42. The firm has a fifty day moving average price of $47.68 and a 200 day moving average price of $46.13. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. General Motors has a 1-year low of $26.30 and a 1-year high of $54.29.

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 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 6.22% and a return on equity of 15.77%. General Motors's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. On average, equities analysts anticipate that General Motors will post 9.95 earnings per share for the current 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's dividend payout ratio is presently 5.87%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 10,356 shares in the company, valued at approximately $489,942.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction dated 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 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 531,228 shares of company stock valued at $28,267,714 in the last quarter. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of General Motors

A number of large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the second quarter worth approximately $25,000. Wellington Shields Capital Management LLC purchased a new position in General Motors in the second quarter worth $28,000. Fortitude Family Office LLC lifted its position in 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 purchasing an additional 225 shares during the period. Montag A & Associates Inc. purchased a new stake in shares of General Motors during the first quarter worth about $30,000. Finally, EdgeRock Capital LLC acquired a new stake in shares of General Motors during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

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.