AEGON ASSET MANAGEMENT UK Plc Decreases Position in General Motors (NYSE:GM)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 457,301 shares of the auto manufacturer’s stock after selling 17,768 shares during the period. 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 large investors have also bought and sold shares of GM. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the second quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC bought a new stake in shares of General Motors during the third quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Motors in the fourth quarter worth about $31,000. Finally, Eastern Bank bought a new position in shares of General Motors in the third quarter valued at approximately $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on GM. The Goldman Sachs Group increased their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their target price for the stock from $56.00 to $60.00 in a research note on Tuesday. Mizuho lifted their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of “Hold” and a consensus target price of $61.17.

Insider Activity

In other news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 514,344 shares of company stock valued at $28,977,691. Corporate insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of General Motors stock opened at $53.95 on Friday. The stock has a market capitalization of $59.32 billion, a P/E ratio of 5.75, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. General Motors has a one year low of $34.71 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The business’s 50 day simple moving average is $53.17 and its two-hundred day simple moving average is $49.85.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share 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 firm had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period last year, the company earned $2.28 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts forecast that General Motors will post 10.34 EPS for the current year.

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.