Lingohr Asset Management GmbH Has $713,000 Stake in General Motors (NYSE:GM)

Lingohr Asset Management GmbH grew its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 5.3% during the third quarter, HoldingsChannel reports. The firm owned 15,900 shares of the auto manufacturer’s stock after buying an additional 800 shares during the quarter. Lingohr Asset Management GmbH’s holdings in General Motors were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in General Motors in the 2nd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter valued at approximately $27,000. Wellington Shields Capital Management LLC bought a new position in General Motors in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its position in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 225 shares during the period. Finally, EdgeRock Capital LLC bought a new position in shares of General Motors during the second quarter valued at $33,000. 92.67% of the stock is owned by institutional investors.

General Motors Trading Down 1.4 %

Shares of GM stock opened at $56.26 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a 50-day simple moving average of $49.90 and a two-hundred day simple moving average of $47.40. General Motors has a 52-week low of $27.70 and a 52-week high of $59.39. The company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.43 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate 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 net margin of 6.06% and a return on equity of 16.30%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. Research analysts anticipate that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. General Motors’s payout ratio is 5.12%.

Insiders Place Their Bets

In related news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the sale, the president now owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of General Motors 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 transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 653,511 shares of company stock worth $35,012,844 over the last 90 days. Corporate insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GM. Nomura Securities raised General Motors to a “strong sell” rating in a report on Monday, August 5th. The Goldman Sachs Group increased their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $53.00 target price on shares of General Motors in a report on Tuesday, September 10th. 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. Finally, Nomura downgraded shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target for the company. in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.