Lingohr & Partner Asset Management GmbH Has $1.75 Million Holdings in General Motors Company (GM)

Lingohr & Partner Asset Management GmbH trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,355 shares of the auto manufacturer’s stock after selling 2,000 shares during the quarter. General Motors comprises about 0.9% of Lingohr & Partner Asset Management GmbH’s investment portfolio, making the stock its 22nd largest holding. Lingohr & Partner Asset Management GmbH’s holdings in General Motors were worth $1,750,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. lifted its position in shares of General Motors by 32.0% during the third quarter. Sei Investments Co. now owns 1,273,738 shares of the auto manufacturer’s stock valued at $51,435,000 after buying an additional 308,502 shares during the last quarter. FDx Advisors Inc. lifted its position in shares of General Motors by 4.9% during the third quarter. FDx Advisors Inc. now owns 67,813 shares of the auto manufacturer’s stock valued at $2,738,000 after buying an additional 3,156 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of General Motors by 269.9% during the third quarter. Candriam Luxembourg S.C.A. now owns 315,367 shares of the auto manufacturer’s stock valued at $12,735,000 after buying an additional 230,121 shares during the last quarter. Breton Hill Capital Ltd. lifted its position in shares of General Motors by 1.8% during the third quarter. Breton Hill Capital Ltd. now owns 329,325 shares of the auto manufacturer’s stock valued at $13,298,000 after buying an additional 5,948 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of General Motors by 12.6% in the 3rd quarter. Bessemer Group Inc. now owns 15,173 shares of the auto manufacturer’s stock valued at $613,000 after purchasing an additional 1,694 shares during the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

General Motors Company (NYSE GM) traded up $0.55 during trading on Friday, reaching $42.66. 14,102,001 shares of the company were exchanged, compared to its average volume of 13,583,509. General Motors Company has a 1 year low of $31.92 and a 1 year high of $46.76. The firm has a market cap of $60,594.60, a PE ratio of 6.89, a P/E/G ratio of 0.74 and a beta of 1.56. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter last year, the company earned $1.72 EPS. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. sell-side analysts predict that General Motors Company will post 6.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. General Motors’s dividend payout ratio is currently 77.95%.

In other General Motors news, EVP Nysschen Carel J. De sold 123,645 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. Following the transaction, the executive vice president now owns 150,484 shares in the company, valued at approximately $6,710,081.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now owns 66,838 shares in the company, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. Insiders sold a total of 979,266 shares of company stock worth $40,917,634 in the last three months. 0.04% of the stock is owned by corporate insiders.

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Several equities analysts recently commented on the stock. Morgan Stanley lowered shares of General Motors from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $46.48 to $43.00 in a research report on Wednesday, October 25th. Royal Bank Of Canada increased their price objective on shares of General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on shares of General Motors and gave the company a “hold” rating in a research report on Wednesday, October 25th. BMO Capital Markets raised shares of General Motors to a “market perform” rating and increased their price objective for the company from $41.00 to $48.00 in a research report on Wednesday, October 25th. Finally, Deutsche Bank AG increased their price objective on shares of General Motors from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $43.61.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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