FCG Investment Co Raises Holdings in General Motors (NYSE:GM)

FCG Investment Co raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,189 shares of the auto manufacturer’s stock after purchasing an additional 1,282 shares during the period. FCG Investment Co’s holdings in General Motors were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in GM. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors in the second quarter valued at approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Motors in the 4th quarter valued at approximately $31,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors during the 3rd quarter worth $27,000. Finally, Eastern Bank acquired a new position in shares of General Motors during the third quarter worth $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 3.0 %

Shares of NYSE:GM opened at $54.32 on Friday. The company has a market cap of $59.73 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 0.39 and a beta of 1.42. General Motors has a fifty-two week low of $34.56 and a fifty-two week high of $61.24. The firm’s 50-day simple moving average is $53.30 and its 200-day simple moving average is $49.76. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its 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. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the prior year, the business posted $2.28 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that General Motors will post 10.34 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $56.00 to $60.00 in a research report on Tuesday. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.05.

Insider Buying and Selling

In related news, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock valued at $28,977,691 over the last quarter. Company insiders own 0.72% of the company’s stock.

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.