Assenagon Asset Management S.A. Increases Stock Position in General Motors (NYSE:GM)

Assenagon Asset Management S.A. lifted its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 86.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 569,633 shares of the auto manufacturer's stock after purchasing an additional 264,880 shares during the period. Assenagon Asset Management S.A.'s holdings in General Motors were worth $25,542,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in General Motors by 34.5% in the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer's stock worth $37,000 after purchasing an additional 203 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of General Motors by 56.1% in the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock worth $29,000 after acquiring an additional 225 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in General Motors by 3.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,804 shares of the auto manufacturer's stock valued at $316,000 after acquiring an additional 227 shares during the period. Institute for Wealth Management LLC. boosted its stake in General Motors by 0.6% during the second quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer's stock worth $1,702,000 after acquiring an additional 230 shares in the last quarter. Finally, Beech Hill Advisors Inc. grew its holdings in General Motors by 1.6% in the second quarter. Beech Hill Advisors Inc. now owns 15,233 shares of the auto manufacturer's stock worth $708,000 after purchasing an additional 233 shares during the period. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

GM stock traded down $0.65 during trading on Friday, reaching $52.07. The stock had a trading volume of 8,445,108 shares, compared to its average volume of 14,025,862. The firm has a market cap of $58.52 billion, a PE ratio of 5.55, a PEG ratio of 0.60 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The stock's 50 day moving average is $47.81 and its two-hundred day moving average is $46.19. General Motors has a 52 week low of $26.30 and a 52 week high of $54.29.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 EPS. As a group, equities analysts anticipate that General Motors will post 10.05 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 0.92%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is 5.12%.

Insider Transactions at General Motors

In other news, 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 owns 694,548 shares of the company's stock, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Rory Harvey sold 12,795 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $417,307.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 531,228 shares of company stock worth $28,267,714 in the last three months. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GM. UBS Group lifted their target price on shares of General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley downgraded General Motors from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Nomura Securities raised General Motors to a "strong sell" rating in a research note on Monday, August 5th. Sanford C. Bernstein lifted their price target on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.92.

General Motors Company 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.