Sanctuary Advisors LLC Purchases 26,954 Shares of General Motors (NYSE:GM)

Sanctuary Advisors LLC grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.9% in the third quarter, Holdings Channel.com reports. The firm owned 330,703 shares of the auto manufacturer’s stock after buying an additional 26,954 shares during the period. Sanctuary Advisors LLC’s holdings in General Motors were worth $14,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors during the 2nd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in General Motors during the third quarter valued at approximately $27,000. Wellington Shields Capital Management LLC bought a new stake in General Motors during the 2nd quarter worth approximately $28,000. Finally, EdgeRock Capital LLC bought a new stake in General Motors during the 2nd quarter worth approximately $33,000. Institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of a number of recent analyst reports. Barclays boosted their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised their target price 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and an average target price of $58.85.

General Motors Trading Up 0.4 %

Shares of GM stock opened at $52.52 on Friday. The business has a 50-day moving average of $53.00 and a 200 day moving average of $48.64. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 1-year low of $34.32 and a 1-year high of $61.24. The stock has a market capitalization of $57.75 billion, a PE ratio of 5.60, a P/E/G ratio of 0.39 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter last year, the business earned $2.28 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed 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. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, December 6th. 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.