General Motors (NYSE:GM) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 4,826.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 549,261 shares of the auto manufacturer's stock after purchasing an additional 538,112 shares during the quarter. International Assets Investment Management LLC's holdings in General Motors were worth $24,629,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC acquired a new position in shares of General Motors during the second quarter valued at about $28,000. Fortitude Family Office LLC raised its position in shares of General Motors by 56.1% in the 2nd 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 last quarter. Montag A & Associates Inc. acquired a new stake in General Motors in the 1st quarter worth approximately $30,000. Finally, EdgeRock Capital LLC acquired a new stake in General Motors in the 2nd quarter worth approximately $33,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the sale, the executive vice president now directly owns 10,356 shares of the company's stock, valued at $489,942.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the firm's 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 transaction, the chief executive officer now directly owns 694,548 shares of the company's stock, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the company's stock in a transaction that occurred 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 $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 531,228 shares of company stock valued at $28,267,714 over the last quarter. 0.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GM shares. Morgan Stanley lowered shares of General Motors from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. Wedbush upped 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. Royal Bank of Canada lifted their price target on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein increased their price objective on General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Friday. Finally, UBS Group lifted their target price on General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Motors presently has an average rating of "Hold" and a consensus price target of $56.92.

General Motors Price Performance

Shares of General Motors stock traded down $1.18 on Tuesday, hitting $51.55. The company's stock had a trading volume of 13,805,366 shares, compared to its average volume of 15,112,736. The company has a market capitalization of $56.68 billion, a price-to-earnings ratio of 5.50, a price-to-earnings-growth ratio of 0.60 and a beta of 1.42. General Motors has a 1 year low of $26.30 and a 1 year high of $54.29. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.21. The firm has a fifty day moving average price of $48.06 and a 200-day moving average price of $46.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted 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. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The business's revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Motors will post 10.05 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.93%. General Motors's dividend payout ratio (DPR) is currently 5.12%.

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.