General Motors (NYSE:GM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 22.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,886 shares of the auto manufacturer’s stock after selling 168,016 shares during the period. Stifel Financial Corp’s holdings in General Motors were worth $26,406,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GM. Dynamic Advisor Solutions LLC grew its stake in General Motors by 175.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,518 shares of the auto manufacturer’s stock worth $674,000 after purchasing an additional 9,240 shares in the last quarter. Wedmont Private Capital grew its position in shares of General Motors by 24.7% during the second quarter. Wedmont Private Capital now owns 8,174 shares of the auto manufacturer’s stock worth $401,000 after buying an additional 1,617 shares in the last quarter. M&G Plc increased its stake in shares of General Motors by 4.8% during the second quarter. M&G Plc now owns 242,669 shares of the auto manufacturer’s stock worth $11,163,000 after buying an additional 11,210 shares during the period. Diversified Trust Co raised its holdings in General Motors by 24.5% in the second quarter. Diversified Trust Co now owns 47,820 shares of the auto manufacturer’s stock valued at $2,222,000 after acquiring an additional 9,407 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in General Motors by 34.5% in the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer’s stock worth $37,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,030,475 shares of company stock valued at $56,509,286. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on GM shares. Wedbush boosted their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada boosted their target price on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group increased their price target on shares of General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 price objective on shares of General Motors in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.74.

General Motors Price Performance

GM opened at $53.41 on Monday. The stock has a fifty day moving average of $52.26 and a 200-day moving average of $48.41. The firm has a market capitalization of $58.73 billion, a P/E ratio of 5.69, a PEG ratio of 0.40 and a beta of 1.42. General Motors has a 12-month low of $32.81 and a 12-month high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 earnings per share. Equities analysts forecast that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid 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 dividend yield of 0.90%. General Motors’s dividend payout ratio (DPR) is 5.12%.

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.