Aigen Investment Management LP boosted its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 145.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,332 shares of the auto manufacturer's stock after buying an additional 23,889 shares during the period. Aigen Investment Management LP's holdings in General Motors were worth $1,808,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in General Motors by 15.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock valued at $510,000 after buying an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. increased its holdings in General Motors by 12.1% in the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock worth $73,070,000 after buying an additional 175,860 shares during the last quarter. Foster & Motley Inc. increased its holdings in General Motors by 121.5% in the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock worth $2,115,000 after buying an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in General Motors by 115.1% during the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock valued at $8,001,000 after purchasing an additional 95,484 shares during the last quarter. Finally, Olstein Capital Management L.P. grew its holdings in General Motors by 14.9% during the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer's stock valued at $7,264,000 after purchasing an additional 21,000 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
General Motors Stock Down 0.4 %
NYSE:GM traded down $0.25 during trading hours on Tuesday, reaching $57.41. 10,216,230 shares of the stock were exchanged, compared to its average volume of 14,929,320. General Motors has a twelve month low of $26.64 and a twelve month high of $58.29. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a 50 day moving average of $48.97 and a 200 day moving average of $46.98. The stock has a market cap of $63.13 billion, a PE ratio of 6.14, a PEG ratio of 0.42 and a beta of 1.40.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts expect that General Motors will post 10.34 earnings per share for the current year.
General Motors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is currently 5.12%.
Insider Buying and Selling
In related news, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the sale, the executive vice president now directly owns 10,356 shares of the company's stock, valued at $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the sale, the executive vice president now directly owns 10,356 shares of the company's stock, valued at approximately $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the firm's stock in a transaction dated 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 transaction, the president now owns 126,907 shares of the company's stock, valued at $7,000,190.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,511 shares of company stock worth $35,012,844. Company insiders own 0.72% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on GM shares. Wolfe Research initiated coverage on General Motors in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. UBS Group raised their target price on General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Motors has an average rating of "Hold" and a consensus price target of $56.92.
Check Out Our Latest Analysis on General Motors
About General Motors
(
Free Report)
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.
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