Victory Capital Management Inc. Has $51.68 Million Stake in General Motors (NYSE:GM)

Victory Capital Management Inc. boosted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,152,514 shares of the auto manufacturer's stock after purchasing an additional 202,194 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of General Motors worth $51,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors boosted its position in shares of General Motors by 14.6% in the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock worth $2,211,609,000 after buying an additional 6,201,777 shares during the period. Bank of New York Mellon Corp boosted its position in shares of General Motors by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer's stock worth $601,730,000 after buying an additional 135,717 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock worth $600,291,000 after buying an additional 1,091,137 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of General Motors by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock worth $498,310,000 after buying an additional 421,989 shares during the period. Finally, LSV Asset Management boosted its position in shares of General Motors by 2.6% in the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer's stock worth $411,052,000 after buying an additional 223,260 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GM has been the subject of a number of analyst reports. UBS Group increased their price target on General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $53.00 price target on shares of General Motors in a report on Tuesday, September 10th. DZ Bank downgraded 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. Sanford C. Bernstein increased their price target on General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Finally, Morgan Stanley downgraded General Motors from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.92.

General Motors Stock Down 0.7 %

GM stock traded down $0.42 during trading hours on Friday, reaching $57.20. 6,196,429 shares of the stock were exchanged, compared to its average volume of 14,880,927. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.44 and a beta of 1.40. The firm's 50-day moving average is $49.52 and its 200-day moving average is $47.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 12 month low of $27.42 and a 12 month high of $59.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period last year, the business posted $2.28 EPS. General Motors's revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

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 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 yield of 0.84%. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Insider Activity

In other 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 transaction, the executive vice president now owns 10,356 shares in the company, valued at approximately $489,942.36. The trade was a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,511 shares of company stock worth $35,012,844. Corporate insiders own 0.72% of the company's stock.

General Motors Company 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.