FCG Investment Co Invests $982,000 in General Motors (NYSE:GM)

FCG Investment Co acquired a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,907 shares of the auto manufacturer's stock, valued at approximately $982,000.

Other hedge funds also recently modified their holdings of the company. Claro Advisors LLC raised its stake in General Motors by 17.3% during the 1st quarter. Claro Advisors LLC now owns 7,184 shares of the auto manufacturer's stock worth $326,000 after buying an additional 1,057 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of General Motors by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,536,428 shares of the auto manufacturer's stock valued at $69,677,000 after acquiring an additional 129,128 shares in the last quarter. MV Capital Management Inc. raised its position in shares of General Motors by 35.3% during the first quarter. MV Capital Management Inc. now owns 1,101 shares of the auto manufacturer's stock worth $50,000 after purchasing an additional 287 shares during the period. Quattro Financial Advisors LLC lifted its holdings in shares of General Motors by 49,900.0% in the 1st quarter. Quattro Financial Advisors LLC now owns 18,000 shares of the auto manufacturer's stock worth $816,000 after purchasing an additional 17,964 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in General Motors by 6.5% during the 1st quarter. Denali Advisors LLC now owns 18,100 shares of the auto manufacturer's stock valued at $821,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group raised their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein boosted their price objective on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Morgan Stanley downgraded General Motors from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Finally, Nomura Securities upgraded General Motors to a "strong sell" rating in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $56.92.

Insider Buying and Selling at General Motors

In related news, 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 completion of the transaction, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. This 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 available through this hyperlink. In related news, CEO Mary T. Barra sold 506,824 shares of the 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares of the company's stock, valued at $489,942.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 531,228 shares of company stock worth $28,267,714. 0.72% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of General Motors stock traded up $0.64 during trading on Monday, hitting $52.71. The stock had a trading volume of 11,502,252 shares, compared to its average volume of 15,119,013. The firm has a market cap of $59.24 billion, a price-to-earnings ratio of 5.55, a P/E/G 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 business's 50-day moving average is $47.81 and its 200 day moving average is $46.21. General Motors has a 12 month low of $26.30 and a 12 month high of $54.29.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. As a group, sell-side analysts anticipate that General Motors will post 10.05 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.91%. General Motors's payout ratio is currently 5.12%.

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.