Tandem Capital Management Corp ADV Increases Position in General Motors (NYSE:GM)

Tandem Capital Management Corp ADV boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,571 shares of the auto manufacturer’s stock after purchasing an additional 800 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in General Motors were worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GM. Legacy Capital Group California Inc. raised its stake in General Motors by 54.0% during the third quarter. Legacy Capital Group California Inc. now owns 6,801 shares of the auto manufacturer’s stock valued at $305,000 after buying an additional 2,384 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of General Motors by 86.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 569,633 shares of the auto manufacturer’s stock valued at $25,542,000 after acquiring an additional 264,880 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in General Motors by 4,826.5% in the third quarter. International Assets Investment Management LLC now owns 549,261 shares of the auto manufacturer’s stock worth $24,629,000 after purchasing an additional 538,112 shares during the period. Guidance Capital Inc. increased its stake in General Motors by 5.1% during the third quarter. Guidance Capital Inc. now owns 20,107 shares of the auto manufacturer’s stock valued at $989,000 after purchasing an additional 971 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its holdings in shares of General Motors by 29.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 8,162 shares of the auto manufacturer’s stock worth $366,000 after purchasing an additional 1,838 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Down 0.0 %

GM traded down $0.02 during trading on Friday, reaching $52.70. The company had a trading volume of 1,022,260 shares, compared to its average volume of 15,098,947. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. General Motors has a 12-month low of $26.30 and a 12-month high of $54.29. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.56 and a beta of 1.42. The firm’s 50-day simple moving average is $47.52 and its 200 day simple moving average is $46.09.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that General Motors will post 9.95 earnings per share for the current year.

General Motors Announces Dividend

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 issued a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.91%. General Motors’s dividend payout ratio is 5.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GM shares. The Goldman Sachs Group boosted their price objective on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays upped their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company raised their price target on General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a report on Wednesday. Morgan Stanley downgraded General Motors from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $47.00 to $42.00 in a research note on Wednesday, September 25th. Finally, Wedbush raised their target price on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of “Hold” and a consensus target price of $57.06.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, the executive vice president now owns 10,356 shares of the company’s stock, valued at $489,942.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The stock was 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 owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the transaction, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 531,228 shares of company stock valued at $28,267,714. Corporate insiders own 0.72% of the company’s stock.

General Motors 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.