Mirae Asset Global Investments Co. Ltd. increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,251 shares of the auto manufacturer’s stock after acquiring an additional 33,625 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in General Motors were worth $4,385,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Stellar Capital Management LLC grew its holdings in General Motors by 3.1% during the 2nd quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock valued at $2,067,000 after buying an additional 1,555 shares in the last quarter. WoodTrust Financial Corp grew its holdings in General Motors by 4.0% during the 3rd quarter. WoodTrust Financial Corp now owns 40,016 shares of the auto manufacturer’s stock valued at $1,348,000 after buying an additional 1,555 shares in the last quarter. Independent Advisor Alliance grew its holdings in General Motors by 6.3% during the 3rd quarter. Independent Advisor Alliance now owns 26,200 shares of the auto manufacturer’s stock valued at $894,000 after buying an additional 1,562 shares in the last quarter. Hallmark Capital Management Inc. grew its holdings in General Motors by 3.8% during the 3rd quarter. Hallmark Capital Management Inc. now owns 43,589 shares of the auto manufacturer’s stock valued at $1,468,000 after buying an additional 1,582 shares in the last quarter. Finally, Oakbrook Investments LLC grew its holdings in General Motors by 3.5% during the 3rd quarter. Oakbrook Investments LLC now owns 50,530 shares of the auto manufacturer’s stock valued at $1,701,000 after buying an additional 1,700 shares in the last quarter. 74.31% of the stock is owned by institutional investors.

A number of research analysts have recently commented on GM shares. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Bank of America reiterated a “buy” rating and set a $60.00 target price on shares of General Motors in a research report on Wednesday, September 12th. Buckingham Research lowered their target price on General Motors from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 3rd. JPMorgan Chase & Co. increased their target price on General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 27th. Finally, Nomura dropped coverage on General Motors in a research report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. General Motors currently has a consensus rating of “Buy” and a consensus price target of $45.74.

NYSE GM opened at $34.69 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75. The company has a market cap of $50.39 billion, a PE ratio of 5.24, a PEG ratio of 0.67 and a beta of 1.25. General Motors has a one year low of $30.56 and a one year high of $45.52.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.62. The company had revenue of $35.79 billion during the quarter, compared to the consensus estimate of $34.85 billion. General Motors had a return on equity of 25.81% and a net margin of 0.56%. General Motors’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $1.32 earnings per share. On average, sell-side analysts expect that General Motors will post 6.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. General Motors’s dividend payout ratio is presently 22.96%.

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About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. 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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