People s United Financial Inc. lowered its position in General Motors (NYSE:GM) (TSE:GMM.U) by 21.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 44,594 shares of the auto manufacturer’s stock after selling 12,036 shares during the period. People s United Financial Inc.’s holdings in General Motors were worth $1,501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of GM. Franklin Resources Inc. lifted its position in shares of General Motors by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock worth $911,922,000 after purchasing an additional 7,578,850 shares during the period. Natixis lifted its position in shares of General Motors by 780.3% in the 2nd quarter. Natixis now owns 3,170,930 shares of the auto manufacturer’s stock worth $124,935,000 after purchasing an additional 2,810,730 shares during the period. Bank of New York Mellon Corp lifted its position in shares of General Motors by 20.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,355,956 shares of the auto manufacturer’s stock worth $565,624,000 after purchasing an additional 2,394,922 shares during the period. ING Groep NV lifted its position in shares of General Motors by 11,572.0% in the 2nd quarter. ING Groep NV now owns 1,635,827 shares of the auto manufacturer’s stock worth $64,452,000 after purchasing an additional 1,621,812 shares during the period. Finally, Levin Capital Strategies L.P. lifted its position in shares of General Motors by 31.2% in the 3rd quarter. Levin Capital Strategies L.P. now owns 6,670,952 shares of the auto manufacturer’s stock worth $224,611,000 after purchasing an additional 1,584,628 shares during the period. Hedge funds and other institutional investors own 74.31% of the company’s stock.

A number of research firms recently issued reports on GM. Morgan Stanley dropped their target price on shares of General Motors from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, August 17th. Goldman Sachs Group set a $36.00 target price on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, September 11th. Citigroup dropped their target price on shares of General Motors from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. ValuEngine downgraded shares of General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $38.00 target price on shares of General Motors in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.74.

Shares of GM stock opened at $34.69 on Friday. The firm has a market cap of $50.39 billion, a price-to-earnings ratio of 5.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.25. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.89 and a quick ratio of 0.76. General Motors has a 12 month low of $30.56 and a 12 month high of $45.52.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.62. The business had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. General Motors had a net margin of 0.56% and a return on equity of 25.81%. General Motors’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. Analysts forecast that General Motors will post 6.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. General Motors’s dividend payout ratio (DPR) is presently 22.96%.

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General Motors Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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