Atomi Financial Group Inc. Purchases 57,290 Shares of General Motors (NYSE:GM)

Atomi Financial Group Inc. raised its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 607.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,726 shares of the auto manufacturer's stock after acquiring an additional 57,290 shares during the quarter. Atomi Financial Group Inc.'s holdings in General Motors were worth $3,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GM. Allworth Financial LP raised its position in shares of General Motors by 2.3% in the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock valued at $412,000 after purchasing an additional 205 shares during the period. Avestar Capital LLC boosted its holdings in shares of General Motors by 2.3% during the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock worth $430,000 after acquiring an additional 213 shares during the period. Continuum Advisory LLC grew its position in shares of General Motors by 7.9% in the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after purchasing an additional 213 shares during the last quarter. Metis Global Partners LLC boosted its stake in General Motors by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer's stock valued at $1,625,000 after purchasing an additional 230 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in General Motors by 2.1% in the 2nd quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer's stock valued at $540,000 after buying an additional 238 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and lifted their target price for the stock from $56.00 to $60.00 in a report on Tuesday. 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 research report on Friday, October 25th. Royal Bank of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $60.05.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm'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 completion of the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

General Motors Price Performance

Shares of NYSE GM traded up $3.00 during mid-day trading on Tuesday, reaching $53.97. 12,656,462 shares of the company were exchanged, compared to its average volume of 8,696,997. The stock has a market capitalization of $59.34 billion, a PE ratio of 5.75, a PEG ratio of 0.37 and a beta of 1.42. 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 has a 52 week low of $34.56 and a 52 week high of $61.24. The company's 50 day moving average price is $53.46 and its 200 day moving average price is $49.69.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The company 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 firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS. Sell-side analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors 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.