67,717 Shares in General Motors (NYSE:GM) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 67,717 shares of the auto manufacturer's stock, valued at approximately $2,432,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Summit Financial LLC raised its stake in General Motors by 4.3% during 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 during the last quarter. Pacifica Partners Inc. increased its stake in shares of General Motors by 10.1% in the 4th quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer's stock worth $107,000 after purchasing an additional 301 shares in the last quarter. RWA Wealth Partners LLC increased its stake in shares of General Motors by 5.0% in the 4th quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer's stock worth $242,000 after purchasing an additional 319 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of General Motors by 0.7% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 48,789 shares of the auto manufacturer's stock worth $1,753,000 after purchasing an additional 356 shares in the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of General Motors by 6.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer's stock worth $233,000 after purchasing an additional 404 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on 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 $860,710.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares of the company's stock, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last three months. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Down 1.4 %

Shares of NYSE GM traded down $0.63 during midday trading on Monday, reaching $45.13. 9,069,249 shares of the company's stock traded hands, compared to its average volume of 16,386,553. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock's 50 day simple moving average is $43.84 and its 200-day simple moving average is $38.07. General Motors has a one year low of $26.30 and a one year high of $46.17. The company has a market cap of $51.49 billion, a price-to-earnings ratio of 5.52, a P/E/G ratio of 0.54 and a beta of 1.49.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same period last year, the firm earned $2.21 earnings per share. The company's quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that General Motors will post 9.4 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. General Motors's dividend payout ratio is presently 5.87%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price objective on General Motors from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their target price on shares of General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, April 23rd. Wedbush increased their price objective on shares of General Motors from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their price objective on shares of General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price objective on shares of General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $54.65.

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.

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