General Motors (NYSE:GM) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 84.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,723 shares of the auto manufacturer's stock after selling 123,998 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in General Motors were worth $1,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Triad Wealth Partners LLC bought a new stake in General Motors during the second quarter worth about $37,000. Blue Trust Inc. grew its position in shares of General Motors by 178.3% in the 2nd quarter. Blue Trust Inc. now owns 2,510 shares of the auto manufacturer's stock valued at $114,000 after acquiring an additional 1,608 shares during the period. Brookstone Capital Management increased its stake in shares of General Motors by 3.2% during the 2nd quarter. Brookstone Capital Management now owns 163,350 shares of the auto manufacturer's stock worth $8,151,000 after purchasing an additional 5,029 shares during the last quarter. TCW Group Inc. raised its holdings in shares of General Motors by 49.9% in the 2nd quarter. TCW Group Inc. now owns 986,762 shares of the auto manufacturer's stock valued at $45,845,000 after purchasing an additional 328,649 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in General Motors by 3.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 196,011 shares of the auto manufacturer's stock valued at $9,107,000 after purchasing an additional 7,136 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. UBS Group increased 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 lifted their price target on shares of General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised 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. Finally, Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $58.85.

General Motors Stock Performance

NYSE GM traded up $0.22 on Friday, reaching $52.52. 8,847,767 shares of the stock were exchanged, 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 one year low of $34.32 and a one year high of $61.24. The firm has a market capitalization of $57.75 billion, a PE ratio of 5.60, a PEG ratio of 0.39 and a beta of 1.42. The company's 50-day simple moving average is $52.86 and its two-hundred day simple moving average is $48.58.

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, topping the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. Analysts expect that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is currently 5.12%.

Insider Activity

In related news, CEO Mary T. Barra sold 506,824 shares of the company's 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 completion of the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This represents a 42.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,030,475 shares of company stock valued at $56,509,286. 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.