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

Los Angeles Capital Management LLC reduced its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 91.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,876 shares of the auto manufacturer's stock after selling 59,634 shares during the period. Los Angeles Capital Management LLC's holdings in General Motors were worth $313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of General Motors by 0.5% during the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock worth $1,055,395,000 after buying an additional 106,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in General Motors by 6.1% during the 3rd 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 in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of General Motors by 3.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock valued at $498,310,000 after purchasing an additional 421,989 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of General Motors by 6.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock valued at $259,988,000 after purchasing an additional 358,507 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of General Motors by 35.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock valued at $234,364,000 after purchasing an additional 1,159,958 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

NYSE:GM traded up $3.26 during midday trading on Wednesday, reaching $48.48. The stock had a trading volume of 27,945,139 shares, compared to its average volume of 11,756,132. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $50.08 and a two-hundred day simple moving average of $50.47. The stock has a market cap of $48.24 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. General Motors's payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GM has been the topic of several recent analyst reports. UBS Group reissued a "buy" rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho increased their price target on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $59.71.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.