OVERSEA CHINESE BANKING Corp Ltd Has $3.13 Million Stock Position in General Motors (NYSE:GM)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 59.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 69,727 shares of the auto manufacturer's stock after selling 104,235 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in General Motors were worth $3,127,000 as of its most recent filing with the SEC.

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

General Motors Price Performance

General Motors stock traded up $0.31 during mid-day trading on Wednesday, reaching $57.72. The company had a trading volume of 10,047,686 shares, compared to its average volume of 14,907,310. The business has a fifty day simple moving average of $49.15 and a 200 day simple moving average of $47.06. The company has a market cap of $63.47 billion, a P/E ratio of 6.19, a P/E/G ratio of 0.43 and a beta of 1.40. General Motors has a fifty-two week low of $27.41 and a fifty-two week high of $58.42. 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 (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 for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. On average, equities research analysts predict that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.83%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is currently 5.12%.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction dated Friday, August 23rd. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Rory Harvey sold 2,302 shares of General Motors 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated 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 owns 126,907 shares of the company's stock, valued at approximately $7,000,190.12. The trade was 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 653,511 shares of company stock valued at $35,012,844 over the last 90 days. 0.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Morgan Stanley downgraded shares of General Motors from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $47.00 to $42.00 in a report on Wednesday, September 25th. UBS Group raised their target price on shares of General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wedbush boosted their price target on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently 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.