General Motors (NYSE:GM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 97.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,021 shares of the auto manufacturer's stock after selling 537,240 shares during the quarter. International Assets Investment Management LLC's holdings in General Motors were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GM. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors during the 2nd quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in General Motors during the third quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter valued at about $27,000. Fairscale Capital LLC purchased a new stake in General Motors during the 2nd quarter valued at about $36,000. Finally, Eastern Bank acquired a new stake in General Motors in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Down 2.3 %

GM traded down $1.15 during mid-day trading on Friday, hitting $49.85. 7,845,355 shares of the stock were exchanged, compared to its average volume of 8,788,674. The firm's fifty day moving average is $53.93 and its two-hundred day moving average is $49.47. General Motors has a 1-year low of $34.32 and a 1-year high of $61.24. The company has a market cap of $54.81 billion, a PE ratio of 5.31, a PEG ratio of 0.40 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. Equities analysts forecast that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, December 6th. General Motors's payout ratio is currently 5.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. UBS Group upped their target price on General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. DZ Bank lowered General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target on the stock. in a report on Friday, October 11th. Mizuho upped their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Barclays 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, ten have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.58.

Insider Activity at General Motors

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares of the company's stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,030,475 shares of company stock worth $56,509,286. Company insiders own 0.72% of the company's stock.

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.