General Motors (NYSE:GM) Shares Gap Down – What’s Next?

General Motors (NYSE:GM) (TSE:GMM.U) gapped down before the market opened on Tuesday . The stock had previously closed at $54.92, but opened at $50.98. General Motors shares last traded at $50.39, with a volume of 8,907,675 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company decreased their target price on General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada lifted their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Mizuho lifted their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays lifted their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Hold” and an average price target of $61.17.

General Motors Stock Performance

The stock has a market capitalization of $55.35 billion, a PE ratio of 5.35, a PEG ratio of 0.38 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $53.14 and a 200-day moving average price of $49.95.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. Research analysts expect that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.95%. General Motors’s dividend payout ratio is currently 5.12%.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was 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 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of General Motors

Several institutional investors have recently bought and sold shares of GM. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors in the second quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in shares of General Motors in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors in the fourth quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the third quarter worth approximately $27,000. Finally, Truvestments Capital LLC acquired a new stake in shares of General Motors in the third quarter worth approximately $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

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.