Aigen Investment Management LP Has $1.81 Million Stock Holdings in General Motors (NYSE:GM)

Aigen Investment Management LP increased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 145.3% during the third quarter, Holdings Channel.com reports. The fund owned 40,332 shares of the auto manufacturer’s stock after buying an additional 23,889 shares during the period. Aigen Investment Management LP’s holdings in General Motors were worth $1,808,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in shares of General Motors by 15.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock worth $510,000 after acquiring an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in General Motors by 12.1% during the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer’s stock worth $73,070,000 after purchasing an additional 175,860 shares during the period. Foster & Motley Inc. increased its holdings in General Motors by 121.5% in the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock worth $2,115,000 after purchasing an additional 25,869 shares in the last quarter. Stoneridge Investment Partners LLC lifted its stake in General Motors by 115.1% in the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer’s stock valued at $8,001,000 after buying an additional 95,484 shares during the period. Finally, Olstein Capital Management L.P. lifted its stake in General Motors by 14.9% in the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer’s stock valued at $7,264,000 after buying an additional 21,000 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on GM shares. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. UBS Group lifted their price target 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. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a report on Monday, August 5th. Royal Bank of Canada boosted their price objective 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 cut General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price on the stock. in a report on Monday, August 5th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, General Motors currently has an average rating of “Hold” and an average price target of $56.92.

General Motors Price Performance

Shares of NYSE GM traded up $0.27 during midday trading on Tuesday, hitting $57.93. 828,612 shares of the company’s stock were exchanged, compared to its average volume of 14,886,665. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The business’s fifty day moving average price is $48.97 and its two-hundred day moving average price is $46.98. The company has a market cap of $63.70 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.42 and a beta of 1.40. General Motors has a 12-month low of $26.64 and a 12-month high of $58.26.

General Motors (NYSE:GM) (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, research analysts forecast that General Motors will post 10.34 EPS for the current fiscal 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 is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.83%. General Motors’s payout ratio is currently 5.12%.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other General Motors news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction on 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 completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,511 shares of company stock worth $35,012,844. Company insiders own 0.72% of the company’s stock.

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.