General Motors (NYSE:GM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 48.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,510 shares of the auto manufacturer's stock after selling 61,901 shares during the period. Los Angeles Capital Management LLC's holdings in General Motors were worth $2,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Atomi Financial Group Inc. purchased a new position in General Motors during the 1st quarter valued at approximately $244,000. US Bancorp DE boosted its holdings in shares of General Motors by 1.6% in the 1st quarter. US Bancorp DE now owns 88,246 shares of the auto manufacturer's stock worth $4,002,000 after purchasing an additional 1,358 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of General Motors by 7.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 959,085 shares of the auto manufacturer's stock worth $43,494,000 after purchasing an additional 69,017 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of General Motors by 7.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,592,324 shares of the auto manufacturer's stock worth $72,212,000 after purchasing an additional 106,244 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of General Motors by 12.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,625,725 shares of the auto manufacturer's stock worth $73,727,000 after purchasing an additional 182,433 shares during the period. 92.67% of the stock is owned by institutional investors.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 12,795 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $417,307.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Mark L. Reuss sold 122,283 shares of the company'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 completion of the transaction, the president now owns 126,907 shares of the company's stock, valued at approximately $7,000,190.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 12,795 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $417,307.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 653,511 shares of company stock worth $35,012,844 over the last quarter. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GM shares. DZ Bank cut General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price for the company. in a report on Friday, October 11th. Barclays lifted their target price on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Sanford C. Bernstein lifted their target price on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Finally, Wolfe Research started coverage on General Motors in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Four equities research 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 company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $56.92.

General Motors Stock Up 0.5 %

NYSE:GM traded up $0.31 during mid-day trading on Wednesday, hitting $57.72. 10,047,686 shares of the company's stock traded hands, compared to its average volume of 14,907,310. The company has a fifty day moving average of $49.15 and a 200 day moving average of $47.06. General Motors has a twelve month low of $27.41 and a twelve month high of $58.42. The company has a market capitalization of $63.47 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. On average, analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. General Motors's payout ratio is 5.12%.

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.