General Motors (NYSE:GM) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1,232.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,077 shares of the auto manufacturer's stock after buying an additional 88,868 shares during the period. Los Angeles Capital Management LLC's holdings in General Motors were worth $3,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors L.P. grew its stake in shares of General Motors by 14.8% during the fourth quarter. Natixis Advisors L.P. now owns 1,273,773 shares of the auto manufacturer's stock worth $45,753,000 after buying an additional 164,318 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of General Motors by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 6,497,100 shares of the auto manufacturer's stock valued at $233,376,000 after purchasing an additional 30,641 shares during the period. Rogco LP boosted its position in shares of General Motors by 86.9% during the 4th quarter. Rogco LP now owns 3,412 shares of the auto manufacturer's stock worth $123,000 after purchasing an additional 1,586 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of General Motors by 26.4% in the 4th quarter. First Trust Direct Indexing L.P. now owns 19,654 shares of the auto manufacturer's stock valued at $706,000 after buying an additional 4,105 shares during the period. Finally, Summit Financial LLC increased its position in General Motors by 4.3% in the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer's stock valued at $239,000 after buying an additional 273 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares of the company's stock, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerald Johnson sold 27,122 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares of the company's stock, valued at $3,236,361.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GM shares. Tigress Financial raised their price target on shares of General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 15th. Barclays boosted their target price on General Motors from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Royal Bank of Canada lifted their price target on General Motors from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, April 23rd. The Goldman Sachs Group upped their price objective on General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company lifted their target price on General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Stock Up 0.4 %

Shares of NYSE GM traded up $0.20 during mid-day trading on Monday, hitting $45.06. 10,300,959 shares of the stock traded hands, compared to its average volume of 17,105,676. The company has a market cap of $51.41 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.49. The stock has a fifty day moving average price of $42.95 and a 200-day moving average price of $37.00. General Motors has a 52 week low of $26.30 and a 52 week high of $46.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the business earned $2.21 EPS. General Motors's quarterly revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. General Motors's payout ratio is currently 5.87%.

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.