General Motors (NYSE:GM) Holdings Raised by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 17.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 526,107 shares of the auto manufacturer’s stock after buying an additional 79,958 shares during the period. Toronto Dominion Bank’s holdings in General Motors were worth $23,591,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GM. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the second quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the 3rd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in General Motors during the third quarter valued at approximately $27,000. Wellington Shields Capital Management LLC bought a new stake in General Motors during the second quarter worth approximately $28,000. Finally, EdgeRock Capital LLC acquired a new position in General Motors in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 9,307 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $459,787.13. This represents a 52.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays lifted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $46.00 to $54.00 in a report on Tuesday. Wedbush lifted their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $58.85.

General Motors Price Performance

NYSE:GM opened at $52.30 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a one year low of $32.83 and a one year high of $61.24. The company has a fifty day moving average price of $52.72 and a 200 day moving average price of $48.56. The stock has a market cap of $57.51 billion, a P/E ratio of 5.58, a PEG ratio of 0.40 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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 business had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.28 earnings per share. Analysts anticipate that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

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.