Versor Investments LP Purchases Shares of 34,600 General Motors (NYSE:GM)

Versor Investments LP bought a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,600 shares of the auto manufacturer's stock, valued at approximately $1,551,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in General Motors in the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the 3rd quarter worth approximately $27,000. Wellington Shields Capital Management LLC bought a new stake in General Motors during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new stake in General Motors during the 1st quarter worth approximately $30,000. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. DZ Bank lowered General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. Morgan Stanley lowered General Motors from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Wells Fargo & Company boosted their target price on General Motors from $33.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Finally, Nomura downgraded General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 target price on the stock. in a research note on Monday, August 5th. Four investment 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $56.92.

General Motors Stock Performance

General Motors stock traded up $2.08 during trading on Monday, hitting $57.66. The stock had a trading volume of 11,258,735 shares, compared to its average volume of 14,951,107. General Motors has a 1 year low of $26.64 and a 1 year high of $58.22. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The stock's 50 day moving average is $48.81 and its two-hundred day moving average is $46.89. The stock has a market cap of $63.40 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.28 earnings per share. As a group, analysts predict that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given 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 dividend yield of 0.83%. General Motors's dividend payout ratio is currently 5.12%.

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares of the company's stock, valued at approximately $7,000,190.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction 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 transaction, the executive vice president now owns 10,356 shares of the company's stock, valued at $489,942.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,511 shares of company stock valued at $35,012,844. 0.72% of the stock is currently owned by company insiders.

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.