Lecap Asset Management Ltd. Has $1.96 Million Holdings in General Motors (NYSE:GM)

Lecap Asset Management Ltd. grew its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 710.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,731 shares of the auto manufacturer's stock after buying an additional 38,334 shares during the period. Lecap Asset Management Ltd.'s holdings in General Motors were worth $1,961,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Weaver Capital Management LLC lifted its holdings in General Motors by 29.0% during the 3rd quarter. Weaver Capital Management LLC now owns 17,323 shares of the auto manufacturer's stock worth $777,000 after buying an additional 3,894 shares during the last quarter. Eastern Bank acquired a new stake in General Motors in the 3rd quarter valued at approximately $34,000. Sequoia Financial Advisors LLC increased its position in General Motors by 29.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 55,969 shares of the auto manufacturer's stock valued at $2,510,000 after acquiring an additional 12,729 shares during the period. Foundations Investment Advisors LLC increased its position in General Motors by 2.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 13,212 shares of the auto manufacturer's stock valued at $592,000 after acquiring an additional 292 shares during the period. Finally, Brown Lisle Cummings Inc. increased its position in General Motors by 15.4% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,827 shares of the auto manufacturer's stock valued at $127,000 after acquiring an additional 377 shares during the period. Institutional investors own 92.67% of the company's stock.

Insider Transactions at General Motors

In other news, CFO Paul A. Jacobson acquired 25,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now owns 261,872 shares in the company, valued at approximately $11,551,173.92. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $49.02, for a total transaction of $627,210.90. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $417,307.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Paul A. Jacobson bought 25,000 shares of the business's stock in a transaction on Friday, July 26th. The shares were bought at an average price of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now owns 261,872 shares of the company's stock, valued at approximately $11,551,173.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GM has been the topic of several analyst reports. Nomura cut General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 target price on the stock. in a research report on Monday, August 5th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Wedbush lifted their price target on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley cut General Motors from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $47.00 to $42.00 in a research report on Wednesday, September 25th. Finally, DZ Bank cut General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target on the stock. in a research report on Friday, October 11th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and an average target price of $56.97.

General Motors Stock Down 1.5 %

Shares of General Motors stock traded down $0.82 during midday trading on Wednesday, hitting $52.91. The company's stock had a trading volume of 16,106,980 shares, compared to its average volume of 15,185,354. The firm has a market capitalization of $60.37 billion, a P/E ratio of 6.46, a PEG ratio of 0.56 and a beta of 1.42. The stock has a 50-day simple moving average of $47.33 and a 200-day simple moving average of $46.04. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. General Motors has a 1-year low of $26.30 and a 1-year high of $54.19.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a return on equity of 15.77% and a net margin of 6.22%. General Motors's revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. As a group, sell-side analysts expect that General Motors will post 9.95 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 annualized dividend and a dividend yield of 0.91%. General Motors's dividend payout ratio (DPR) is presently 5.87%.

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.