Virtu Financial LLC Boosts Position in General Motors (NYSE:GM)

Virtu Financial LLC lifted its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 770.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 99,054 shares of the auto manufacturer's stock after acquiring an additional 87,672 shares during the quarter. Virtu Financial LLC's holdings in General Motors were worth $4,442,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its holdings in General Motors by 15.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock worth $510,000 after buying an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in General Motors by 12.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock worth $73,070,000 after buying an additional 175,860 shares in the last quarter. Foster & Motley Inc. grew its stake 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 in the last quarter. Stoneridge Investment Partners LLC increased its holdings in General Motors by 115.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock worth $8,001,000 after purchasing an additional 95,484 shares during the period. Finally, Olstein Capital Management L.P. raised its position 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 purchasing an additional 21,000 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of NYSE:GM traded up $0.14 on Thursday, reaching $52.18. The company's stock had a trading volume of 5,473,628 shares, compared to its average volume of 14,732,722. General Motors has a 52-week low of $32.83 and a 52-week high of $61.24. The stock has a market capitalization of $57.38 billion, a P/E ratio of 5.55, a PEG ratio of 0.40 and a beta of 1.42. The stock's 50-day moving average is $52.72 and its two-hundred day moving average is $48.56. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly 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 return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. General Motors's dividend payout ratio (DPR) is 5.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GM shares. JPMorgan Chase & Co. boosted their price objective on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Wolfe Research began coverage on shares of General Motors in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Royal Bank of Canada increased their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein lifted their price objective on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Finally, Mizuho increased their target price on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $58.85.

Insider Activity at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the firm's stock in a transaction dated 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 sale, the president now owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rory Harvey sold 9,307 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $459,787.13. The trade was a 52.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last three months. Insiders own 0.72% of the company's stock.

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.