36,428 Shares in General Motors (NYSE:GM) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,428 shares of the auto manufacturer's stock, valued at approximately $1,633,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased 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 valued at $412,000 after purchasing an additional 205 shares in the last quarter. Avestar Capital LLC increased its holdings in General Motors by 2.3% in the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock valued at $430,000 after buying an additional 213 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after acquiring an additional 213 shares during the period. SeaCrest Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 227 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in General Motors by 0.6% in the 2nd quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer's stock valued at $1,702,000 after purchasing an additional 230 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

GM traded up $0.23 on Friday, reaching $52.53. The stock had a trading volume of 8,849,316 shares, compared to its average volume of 14,725,391. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $34.32 and a fifty-two week high of $61.24. The firm has a 50-day moving average of $53.00 and a 200-day moving average of $48.64. The company has a market capitalization of $57.76 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. During the same period last year, the company earned $2.28 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors will post 10.35 EPS 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 issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.91%. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $459,787.13. This trade represents a 52.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock worth $56,509,286 over the last ninety days. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased their price target on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $58.85.

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.