MML Investors Services LLC Acquires 4,023 Shares of General Motors (NYSE:GM)

MML Investors Services LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,000 shares of the auto manufacturer’s stock after purchasing an additional 4,023 shares during the period. MML Investors Services LLC’s holdings in General Motors were worth $6,233,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in General Motors during the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors in the third quarter worth approximately $27,000. Wellington Shields Capital Management LLC bought a new stake in General Motors in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter valued at $27,000. Finally, EdgeRock Capital LLC bought a new position in shares of General Motors during the 2nd quarter valued at $33,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In other news, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % 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, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,030,475 shares of company stock worth $56,509,286. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Wedbush upped their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Barclays lifted their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and an average target price of $58.85.

General Motors Stock Up 0.5 %

NYSE:GM opened at $52.30 on Friday. General Motors has a twelve month low of $32.83 and a twelve month high of $61.24. The company has a market cap of $57.51 billion, a PE ratio of 5.55, a P/E/G ratio of 0.40 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $52.72 and its two-hundred day moving average is $48.56.

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

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio is presently 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.