AEGON ASSET MANAGEMENT UK Plc Sells 17,768 Shares of General Motors (NYSE:GM)

AEGON ASSET MANAGEMENT UK Plc decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 457,301 shares of the auto manufacturer’s stock after selling 17,768 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in General Motors were worth $24,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. AE Wealth Management LLC lifted its position in shares of General Motors by 48.7% during the 2nd quarter. AE Wealth Management LLC now owns 10,298 shares of the auto manufacturer’s stock valued at $478,000 after buying an additional 3,373 shares in the last quarter. Public Sector Pension Investment Board bought a new position in shares of General Motors in the second quarter worth approximately $1,953,000. AXA S.A. raised its position in shares of General Motors by 194.8% during the 2nd quarter. AXA S.A. now owns 196,850 shares of the auto manufacturer’s stock valued at $9,146,000 after purchasing an additional 130,069 shares during the period. APG Asset Management N.V. boosted its stake in shares of General Motors by 0.8% in the second quarter. APG Asset Management N.V. now owns 2,596,840 shares of the auto manufacturer’s stock worth $112,572,000 after acquiring an additional 20,971 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in shares of General Motors during the second quarter worth about $801,000. Institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other news, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock worth $28,977,691 over the last three months. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Down 0.5 %

Shares of NYSE GM opened at $53.95 on Friday. The stock has a 50 day moving average price of $53.17 and a 200 day moving average price of $49.85. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a 52-week low of $34.71 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.28 EPS. Sell-side analysts expect that General Motors will post 10.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on GM shares. The Goldman Sachs Group boosted their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Barclays boosted their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Sanford C. Bernstein boosted their price objective on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.17.

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.