General Motors (NYSE:GM) Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 29.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,068,133 shares of the auto manufacturer's stock after acquiring an additional 466,277 shares during the quarter. General Motors accounts for about 1.6% of Artemis Investment Management LLP's holdings, making the stock its 9th biggest position. Artemis Investment Management LLP owned about 0.19% of General Motors worth $110,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in General Motors by 972.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock valued at $94,300,000 after acquiring an additional 1,906,964 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of General Motors by 123.1% during the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after buying an additional 1,779,897 shares in the last quarter. National Bank of Canada FI raised its position in shares of General Motors by 158.8% in the third quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock valued at $97,374,000 after buying an additional 1,332,450 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in General Motors by 6.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock worth $774,766,000 after acquiring an additional 989,750 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in General Motors by 4,826.5% in the 3rd quarter. International Assets Investment Management LLC now owns 549,261 shares of the auto manufacturer's stock worth $24,629,000 after acquiring an additional 538,112 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 506,824 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock worth $56,509,286 over the last quarter. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Down 1.8 %

Shares of GM traded down $0.94 during mid-day trading on Monday, reaching $50.90. 9,587,120 shares of the stock traded hands, compared to its average volume of 8,082,761. The stock has a fifty day simple moving average of $53.60 and a 200 day simple moving average of $49.66. General Motors has a 12-month low of $34.32 and a 12-month high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a market cap of $55.97 billion, a price-to-earnings ratio of 5.43, a P/E/G ratio of 0.36 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm 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 business posted $2.28 earnings per share. General Motors's revenue for the quarter was up 10.5% on a year-over-year basis. Sell-side analysts expect that General Motors will post 10.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein raised their price objective on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. Wells Fargo & Company decreased their target price on shares of General Motors from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $59.68.

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.