Integrated Investment Consultants LLC Buys 175,686 Shares of General Motors (NYSE:GM)

Integrated Investment Consultants LLC lifted its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 3,541.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,647 shares of the auto manufacturer's stock after purchasing an additional 175,686 shares during the quarter. Integrated Investment Consultants LLC's holdings in General Motors were worth $8,100,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in shares of General Motors by 129.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,840 shares of the auto manufacturer's stock valued at $3,439,000 after purchasing an additional 42,730 shares in the last quarter. Bessemer Group Inc. raised its stake in General Motors by 309.2% during the first quarter. Bessemer Group Inc. now owns 54,882 shares of the auto manufacturer's stock worth $2,489,000 after acquiring an additional 41,470 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in shares of General Motors in the first quarter worth about $261,000. Crewe Advisors LLC acquired a new stake in shares of General Motors in the 1st quarter valued at approximately $63,000. Finally, Shell Asset Management Co. grew its holdings in shares of General Motors by 27.5% during the 1st quarter. Shell Asset Management Co. now owns 35,863 shares of the auto manufacturer's stock valued at $1,626,000 after purchasing an additional 7,728 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the transaction, the executive vice president now owns 10,356 shares of the company's stock, valued at approximately $489,942.36. This trade represents a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $27,028,923.92. Following the completion of the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,036,653 shares of company stock worth $56,710,175. 0.72% of the stock is currently owned by corporate insiders.

General Motors Price Performance

GM stock traded up $0.73 during mid-day trading on Thursday, hitting $55.60. 9,284,345 shares of the stock were exchanged, compared to its average volume of 14,868,633. 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 stock has a market capitalization of $61.13 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 0.42 and a beta of 1.40. The business has a fifty day moving average price of $50.31 and a 200 day moving average price of $47.53. General Motors has a 12 month low of $27.83 and a 12 month high of $59.39.

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 (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 analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.28 EPS. On average, sell-side analysts anticipate that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's payout ratio is currently 5.12%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GM. Sanford C. Bernstein upped 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 lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. The Goldman Sachs Group lifted their price target 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. Wells Fargo & Company increased their price objective on General Motors from $33.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their target price on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $56.92.

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.