General Motors (NYSE:GM) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,545 shares of the auto manufacturer’s stock after purchasing an additional 4,379 shares during the quarter. Axxcess Wealth Management LLC’s holdings in General Motors were worth $1,370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sigma Planning Corp boosted its holdings in General Motors by 23.2% in the third quarter. Sigma Planning Corp now owns 19,743 shares of the auto manufacturer’s stock valued at $885,000 after purchasing an additional 3,717 shares during the period. Verdence Capital Advisors LLC boosted its stake in General Motors by 38.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 19,497 shares of the auto manufacturer’s stock worth $874,000 after purchasing an additional 5,375 shares during the period. Holistic Planning LLC acquired a new position in General Motors in the 3rd quarter valued at about $249,000. CWA Asset Management Group LLC purchased a new position in General Motors in the 3rd quarter valued at $235,000. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in General Motors by 1.0% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 475,069 shares of the auto manufacturer’s stock valued at $21,297,000 after purchasing an additional 4,739 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GM. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a research report on Monday, August 5th. Wolfe Research initiated coverage on shares of General Motors in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. UBS Group lifted their price objective on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Wedbush upped their price target 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. Finally, Royal Bank of Canada lifted their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.92.

General Motors Trading Up 3.7 %

Shares of GM stock opened at $57.66 on Tuesday. The stock’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $46.89. General Motors has a twelve month low of $26.64 and a twelve month high of $58.22. The firm has a market capitalization of $63.40 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $2.28 earnings per share. As a group, sell-side analysts predict that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 yield of 0.83%. General Motors’s dividend payout ratio (DPR) is 5.12%.

Insider Activity

In related news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,511 shares of company stock worth $35,012,844. 0.72% of the stock is owned by company insiders.

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.