Natixis Advisors LLC Sells 107,597 Shares of General Motors (NYSE:GM)

Natixis Advisors LLC decreased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,149,009 shares of the auto manufacturer’s stock after selling 107,597 shares during the period. Natixis Advisors LLC owned approximately 0.10% of General Motors worth $51,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GM. Capital World Investors grew its stake in shares of General Motors by 14.6% in the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock worth $2,211,609,000 after buying an additional 6,201,777 shares during the last quarter. Swedbank AB bought a new position in shares of General Motors in the first quarter worth approximately $159,750,000. Artemis Investment Management LLP increased its position in shares of General Motors by 581.4% during the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock valued at $71,827,000 after acquiring an additional 1,366,768 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in General Motors by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after acquiring an additional 1,091,137 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of General Motors by 3,333.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 783,340 shares of the auto manufacturer’s stock worth $36,394,000 after purchasing an additional 760,523 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $459,787.13. The trade was a 52.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 653,511 shares of company stock worth $35,012,844. Insiders own 0.72% of the company’s stock.

General Motors Trading Down 1.0 %

Shares of NYSE:GM opened at $57.04 on Friday. General Motors has a 12-month low of $27.42 and a 12-month high of $59.39. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $49.72 and a two-hundred day moving average of $47.30. The company has a market capitalization of $62.72 billion, a PE ratio of 6.08, a PEG ratio of 0.44 and a beta of 1.40.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter last year, the company earned $2.28 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, December 6th. General Motors’s payout ratio is currently 5.12%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays increased their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised their price target 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. Wells Fargo & Company increased their target price on General Motors from $33.00 to $38.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, General Motors currently has a consensus rating of “Hold” and a consensus target price of $56.92.

About General Motors

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.