Foundry Partners LLC boosted its position in shares of General Motors Co. (NYSE:GM) (TSE:GMM.U) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 492,090 shares of the auto manufacturer’s stock after buying an additional 41,550 shares during the period. General Motors comprises about 0.8% of Foundry Partners LLC’s investment portfolio, making the stock its 15th largest position. Foundry Partners LLC’s holdings in General Motors were worth $15,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AllSquare Wealth Management LLC raised its position in General Motors by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 650 shares during the last quarter. North Star Investment Management Corp. raised its position in General Motors by 809.5% in the second quarter. North Star Investment Management Corp. now owns 4,602 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 4,096 shares during the last quarter. FDx Advisors Inc. raised its position in General Motors by 6.0% in the second quarter. FDx Advisors Inc. now owns 7,265 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 408 shares during the last quarter. V Wealth Management LLC raised its position in General Motors by 4.7% in the second quarter. V Wealth Management LLC now owns 7,941 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 355 shares during the last quarter. Finally, Investment Centers of America Inc. raised its position in General Motors by 8.4% in the second quarter. Investment Centers of America Inc. now owns 8,414 shares of the auto manufacturer’s stock worth $238,000 after buying an additional 649 shares during the last quarter. 71.81% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Shares of General Motors Co. (NYSE:GM) opened at 33.00 on Friday. The company’s 50 day moving average is $31.87 and its 200 day moving average is $31.03. General Motors Co. has a 12-month low of $26.69 and a 12-month high of $36.88. The company has a market capitalization of $50.30 billion, a P/E ratio of 3.77 and a beta of 1.42.

General Motors (NYSE:GM) last announced its quarterly earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.28. The business had revenue of $42.80 billion for the quarter, compared to the consensus estimate of $39.11 billion. General Motors had a net margin of 8.58% and a return on equity of 23.22%. General Motors’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. Analysts expect that General Motors Co. will post $6.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. The ex-dividend date is Monday, December 5th. This represents a $1.52 annualized dividend and a yield of 4.61%. General Motors’s dividend payout ratio (DPR) is currently 17.41%.

A number of analysts have recently weighed in on the stock. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $33.24 price target for the company. in a research note on Monday, November 14th. Credit Agricole SA reaffirmed a “strong-buy” rating on shares of General Motors in a research note on Thursday, November 10th. Nomura set a $33.00 price target on shares of General Motors and gave the stock a “hold” rating in a research note on Thursday, October 27th. Bank of America Corp. lowered shares of General Motors from a “buy” rating to a “neutral” rating and upped their price target for the stock from $26.69 to $31.60 in a research note on Wednesday, October 26th. Finally, Craig Hallum lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.39.

In other General Motors news, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total transaction of $199,625.00. Following the sale, the vice president now directly owns 27,477 shares in the company, valued at approximately $877,615.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

5 Day Chart for NYSE:GM

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