Symmetry Partners LLC acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,794 shares of the auto manufacturer’s stock, valued at approximately $367,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in General Motors by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock valued at $3,952,096,000 after purchasing an additional 717,703 shares during the period. Northern Trust Corp increased its position in General Motors by 1.3% during the 2nd quarter. Northern Trust Corp now owns 14,406,653 shares of the auto manufacturer’s stock valued at $555,088,000 after purchasing an additional 184,349 shares during the period. Bank of New York Mellon Corp increased its position in General Motors by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,977,174 shares of the auto manufacturer’s stock valued at $538,539,000 after purchasing an additional 99,948 shares during the period. Charles Schwab Investment Management Inc. increased its position in General Motors by 4.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,033,921 shares of the auto manufacturer’s stock valued at $271,017,000 after purchasing an additional 324,329 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in General Motors by 1.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,281,100 shares of the auto manufacturer’s stock valued at $242,011,000 after purchasing an additional 75,014 shares during the period. 77.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:GM traded up $0.09 on Friday, hitting $38.58. 239,728 shares of the company’s stock were exchanged, compared to its average volume of 8,920,302. General Motors has a 12 month low of $31.46 and a 12 month high of $41.90. The stock has a market capitalization of $54.62 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. The business’s 50 day simple moving average is $36.57 and its two-hundred day simple moving average is $37.52. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.54. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The business had revenue of $35.50 billion during the quarter, compared to the consensus estimate of $35.21 billion. During the same period last year, the company earned $1.87 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that General Motors will post 4.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.94%. General Motors’s dividend payout ratio (DPR) is 23.24%.

A number of research firms have recently weighed in on GM. Citigroup upped their target price on shares of General Motors from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Morgan Stanley set a $46.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Buckingham Research dropped their price objective on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Nomura set a $38.00 price objective on shares of General Motors and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI set a $50.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. General Motors presently has a consensus rating of “Buy” and a consensus target price of $47.00.

In other news, EVP Matthew Tsien sold 16,933 shares of General Motors stock in a transaction on Monday, September 9th. The stock was sold at an average price of $39.50, for a total transaction of $668,853.50. Following the completion of the sale, the executive vice president now directly owns 18,533 shares in the company, valued at $732,053.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by company insiders.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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