FCG Investment Co Increases Stock Position in General Motors (NYSE:GM)

FCG Investment Co lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 23,189 shares of the auto manufacturer’s stock after acquiring an additional 1,282 shares during the period. FCG Investment Co’s holdings in General Motors were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GM. Strategic Investment Solutions Inc. IL purchased a new position in General Motors during the second quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the third quarter valued at $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors during the third quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new stake in General Motors during the 4th quarter worth about $31,000. Finally, Eastern Bank acquired a new position in General Motors in the 3rd quarter valued at about $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 3.0 %

Shares of GM stock opened at $54.32 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $34.56 and a fifty-two week high of $61.24. The firm’s 50 day moving average price is $53.30 and its two-hundred day moving average price is $49.76. The stock has a market cap of $59.73 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the prior year, the company earned $2.28 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that General Motors will post 10.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price target for the company from $56.00 to $60.00 in a report on Tuesday. Wells Fargo & Company decreased their price objective on General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, December 16th. Finally, UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.05.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 49.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock valued at $28,977,691 over the last three months. 0.72% of the stock is owned by company insiders.

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.