General Motors (NYSE:GM) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1,167.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,920 shares of the auto manufacturer's stock after purchasing an additional 11,901 shares during the quarter. Meeder Asset Management Inc.'s holdings in General Motors were worth $579,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GM. O Shaughnessy Asset Management LLC raised its holdings in 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 worth $3,439,000 after purchasing an additional 42,730 shares during the period. Bessemer Group Inc. grew its holdings in General Motors by 309.2% in the 1st quarter. Bessemer Group Inc. now owns 54,882 shares of the auto manufacturer's stock valued at $2,489,000 after buying an additional 41,470 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of General Motors during the 1st quarter worth $261,000. Crewe Advisors LLC acquired a new position in shares of General Motors during the 1st quarter valued at about $63,000. Finally, Shell Asset Management Co. increased its position in General Motors by 27.5% during the first quarter. Shell Asset Management Co. now owns 35,863 shares of the auto manufacturer's stock worth $1,626,000 after purchasing an additional 7,728 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The shares were 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 owns 122,465 shares in the company, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary T. Barra sold 506,824 shares of the firm's stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,036,653 shares of company stock valued at $56,710,175. 0.72% of the stock is currently owned by insiders.

General Motors Stock Down 0.4 %

Shares of GM traded down $0.23 during mid-day trading on Wednesday, reaching $54.88. The company's stock had a trading volume of 12,182,821 shares, compared to its average volume of 14,884,377. The company's 50 day moving average is $50.10 and its 200 day moving average is $47.48. The stock has a market cap of $60.35 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. General Motors has a 12-month low of $27.70 and a 12-month high of $59.39. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. During the same quarter last year, the company earned $2.28 earnings per share. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts anticipate that General Motors will post 10.35 EPS for the current fiscal 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 paid a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.87%. General Motors's dividend payout ratio is presently 5.12%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GM. Nomura Securities raised shares of General Motors to a "strong sell" rating in a research report on Monday, August 5th. Royal Bank of Canada raised their price objective on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $53.00 price target on shares of General Motors in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company upped their price target on General Motors from $33.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Motors has a consensus rating of "Hold" and a consensus target price of $56.92.

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.