Natixis Advisors LLC Has $51.52 Million Holdings in General Motors (NYSE:GM)

Natixis Advisors LLC decreased its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,149,009 shares of the auto manufacturer's stock after selling 107,597 shares during the period. Natixis Advisors LLC owned 0.10% of General Motors worth $51,521,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GM. Capital World Investors raised its holdings in General Motors by 14.6% in the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock valued at $2,211,609,000 after acquiring an additional 6,201,777 shares during the last quarter. Swedbank AB acquired a new position in General Motors in the first quarter valued at $159,750,000. Artemis Investment Management LLP lifted its position in General Motors by 581.4% during the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer's stock worth $71,827,000 after buying an additional 1,366,768 shares during the period. Dimensional Fund Advisors LP boosted its stake in General Motors by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock worth $600,291,000 after buying an additional 1,091,137 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of General Motors by 3,333.1% in the second quarter. Panagora Asset Management Inc. now owns 783,340 shares of the auto manufacturer's stock worth $36,394,000 after acquiring an additional 760,523 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were 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 owns 694,548 shares in the company, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. The trade was a 18.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 653,511 shares of company stock valued at $35,012,844. 0.72% of the stock is currently owned by insiders.

General Motors Stock Performance

General Motors stock traded down $0.58 on Friday, hitting $57.04. The company's stock had a trading volume of 12,624,965 shares, compared to its average volume of 13,206,090. The company has a fifty day moving average price of $49.72 and a 200-day moving average price of $47.30. The firm has a market cap of $62.72 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. General Motors has a one year low of $27.42 and a one year high of $59.39. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

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. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given 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 yield of 0.84%. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Analyst Upgrades and Downgrades

GM has been the subject of several recent research reports. Wolfe Research assumed coverage on shares of General Motors in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Wedbush upped their target price on General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their target price on General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Finally, Nomura Securities upgraded General Motors to a "strong sell" rating in a report on Monday, August 5th. Four equities research 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 stock. According to data from MarketBeat, General Motors has an average rating of "Hold" and a consensus 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.