Vetr lowered shares of General Motors (NYSE:GM) (TSE:GMM.U) from a hold rating to a sell rating in a report released on Tuesday morning. Vetr currently has $40.25 target price on the auto manufacturer’s stock.
GM has been the topic of several other reports. Goldman Sachs Group set a $33.00 target price on shares of General Motors and gave the stock a sell rating in a report on Tuesday, February 6th. Royal Bank of Canada upgraded shares of General Motors from a sector perform rating to an outperform rating and increased their target price for the stock from $51.00 to $52.00 in a report on Tuesday, December 19th. Barclays reiterated a buy rating and issued a $60.00 target price on shares of General Motors in a report on Sunday, January 21st. Bank of America increased their target price on shares of General Motors from $57.00 to $60.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Finally, Deutsche Bank reiterated a buy rating on shares of General Motors in a report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. General Motors has a consensus rating of Hold and an average price target of $44.44.
General Motors (NYSE:GM) opened at $40.17 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market cap of $57,060.00, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.78%. General Motors’s payout ratio is 29.51%.
In other General Motors news, CAO Thomas S. Timko sold 8,461 shares of General Motors stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total value of $355,869.66. Following the sale, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark L. Reuss sold 165,944 shares of General Motors stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $41.85, for a total transaction of $6,944,756.40. Following the completion of the sale, the executive vice president now owns 369,878 shares in the company, valued at $15,479,394.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 378,252 shares of company stock worth $16,094,534. 0.04% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Swiss National Bank increased its stake in General Motors by 1.6% in the 3rd quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock valued at $202,177,000 after buying an additional 81,000 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in General Motors by 181.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after buying an additional 1,166,696 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares during the last quarter. Lehman Financial Resources Inc. increased its stake in General Motors by 6.4% in the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after buying an additional 4,050 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of General Motors in the 3rd quarter valued at about $701,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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