Plato Investment Management Ltd Has $2.10 Million Holdings in General Motors (NYSE:GM)

Plato Investment Management Ltd decreased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,936 shares of the auto manufacturer’s stock after selling 10,767 shares during the quarter. Plato Investment Management Ltd’s holdings in General Motors were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of GM. Victory Capital Management Inc. increased its position in General Motors by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,152,514 shares of the auto manufacturer’s stock valued at $51,679,000 after buying an additional 202,194 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in General Motors by 5.3% in the third quarter. Aptus Capital Advisors LLC now owns 12,069 shares of the auto manufacturer’s stock valued at $541,000 after acquiring an additional 604 shares during the period. Aigen Investment Management LP increased its holdings in shares of General Motors by 145.3% during the third quarter. Aigen Investment Management LP now owns 40,332 shares of the auto manufacturer’s stock valued at $1,808,000 after acquiring an additional 23,889 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of General Motors by 119.0% during the third quarter. GSA Capital Partners LLP now owns 60,273 shares of the auto manufacturer’s stock worth $2,703,000 after purchasing an additional 32,745 shares during the period. Finally, Versor Investments LP bought a new position in shares of General Motors in the 3rd quarter worth $1,551,000. Institutional investors own 92.67% of the company’s stock.

Insider Activity

In other news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other General Motors news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction 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 approximately $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 653,511 shares of company stock worth $35,012,844. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Up 0.5 %

Shares of NYSE:GM opened at $57.72 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a one year low of $27.41 and a one year high of $58.42. The company has a market cap of $63.47 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.43 and a beta of 1.40. The firm has a fifty day moving average price of $49.15 and a two-hundred day moving average price of $47.06.

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 the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter last year, the firm posted $2.28 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s payout ratio is 5.12%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GM. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a report on Monday, August 5th. Wells Fargo & Company upped their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a report on Wednesday, October 23rd. Wolfe Research began coverage on General Motors in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Wedbush raised their target price on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.92.

General Motors 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.