General Motors (NYSE:GM) Stake Cut by River & Mercantile Asset Management LLP

River & Mercantile Asset Management LLP cut its stake in General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,538 shares of the auto manufacturer’s stock after selling 3,240 shares during the period. River & Mercantile Asset Management LLP’s holdings in General Motors were worth $1,817,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of General Motors by 4.0% during the third quarter. Vanguard Group Inc. now owns 111,810,845 shares of the auto manufacturer’s stock valued at $3,588,010,000 after purchasing an additional 4,251,190 shares during the period. State Street Corp increased its holdings in shares of General Motors by 1.0% during the third quarter. State Street Corp now owns 57,792,618 shares of the auto manufacturer’s stock valued at $1,854,565,000 after purchasing an additional 572,357 shares during the period. Bank of New York Mellon Corp grew its holdings in General Motors by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 15,240,329 shares of the auto manufacturer’s stock worth $489,063,000 after acquiring an additional 1,814,943 shares during the period. Northern Trust Corp boosted its position in shares of General Motors by 2.3% in the 2nd quarter. Northern Trust Corp now owns 13,955,204 shares of the auto manufacturer’s stock valued at $443,216,000 after purchasing an additional 311,856 shares during the period. Finally, Franklin Resources Inc. boosted its position in General Motors by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 11,512,388 shares of the auto manufacturer’s stock worth $365,633,000 after acquiring an additional 1,880,483 shares during the period. 78.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Stephen K. Carlisle sold 18,000 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total value of $755,460.00. Following the completion of the transaction, the executive vice president now directly owns 46,170 shares in the company, valued at $1,937,754.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Stephen K. Carlisle sold 18,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total value of $755,460.00. Following the completion of the transaction, the executive vice president now directly owns 46,170 shares of the company’s stock, valued at $1,937,754.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gerald Johnson sold 15,743 shares of General Motors stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $42.65, for a total value of $671,438.95. Following the transaction, the executive vice president now owns 71,209 shares of the company’s stock, valued at approximately $3,037,063.85. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

General Motors Price Performance

GM stock opened at $34.33 on Thursday. General Motors has a 52-week low of $30.33 and a 52-week high of $46.74. The business has a 50-day simple moving average of $38.80 and a two-hundred day simple moving average of $37.78. The company has a market capitalization of $47.88 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.60 and a beta of 1.36. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 1.10.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.44. The firm had revenue of $43.11 billion for the quarter, compared to analysts’ expectations of $40.62 billion. General Motors had a net margin of 6.34% and a return on equity of 16.08%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Research analysts expect that General Motors will post 6.21 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, March 3rd will be given a $0.09 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $0.36 annualized dividend and a yield of 1.05%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GM. Bank of America decreased their price objective on General Motors from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, February 1st. JPMorgan Chase & Co. dropped their target price on General Motors from $59.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 25th. Morgan Stanley boosted their target price on General Motors from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 1st. Tigress Financial restated a “strong-buy” rating and set a $86.00 target price on shares of General Motors in a research report on Tuesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on General Motors from $33.00 to $36.00 in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $50.06.

General Motors Company Profile

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.