BTC Capital Management Inc. boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,525 shares of the auto manufacturer’s stock after acquiring an additional 2,998 shares during the period. BTC Capital Management Inc.’s holdings in General Motors were worth $3,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its holdings in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after buying an additional 860 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of General Motors in the first quarter valued at about $106,000. FNY Managed Accounts LLC purchased a new stake in shares of General Motors in the first quarter valued at about $107,000. State of Alaska Department of Revenue raised its holdings in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after buying an additional 310 shares during the last quarter. Finally, Ffcm LLC raised its holdings in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 3,213 shares during the last quarter. 74.51% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on GM. Vetr raised shares of General Motors from a “hold” rating to a “buy” rating and set a $43.99 target price for the company in a report on Monday, November 6th. Instinet lowered shares of General Motors from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $42.90 to $43.00 in a research note on Wednesday, November 1st. Nomura lowered shares of General Motors from a “buy” rating to a “hold” rating and boosted their price target for the stock from $43.00 to $46.00 in a research note on Wednesday, November 1st. Jefferies Group LLC boosted their price target on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of General Motors from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $43.16 to $32.00 in a research note on Monday, October 30th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Hold” and a consensus price target of $43.61.

General Motors Company (NYSE:GM) traded up $0.55 during trading hours on Monday, reaching $42.66. 14,102,000 shares of the company’s stock were exchanged, compared to its average volume of 13,461,068. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $61,420.00, a P/E ratio of 6.89, a P/E/G ratio of 0.74 and a beta of 1.56. General Motors Company has a 12 month low of $31.92 and a 12 month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. research analysts anticipate that General Motors Company will post 6.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is currently 32.90%.

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In other news, President Daniel Ammann sold 50,000 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total value of $1,900,000.00. Following the completion of the sale, the president now owns 185,953 shares of the company’s stock, valued at $7,066,214. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the completion of the sale, the executive vice president now directly owns 150,484 shares of the company’s stock, valued at approximately $6,710,081.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 979,266 shares of company stock worth $40,917,634. 0.04% of the stock is currently owned by insiders.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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

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