Lecap Asset Management Ltd. Has $1.96 Million Position in General Motors (NYSE:GM)

Lecap Asset Management Ltd. grew its position in General Motors (NYSE:GM) (TSE:GMM.U) by 710.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,731 shares of the auto manufacturer’s stock after purchasing an additional 38,334 shares during the period. Lecap Asset Management Ltd.’s holdings in General Motors were worth $1,961,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GM. Strategic Investment Solutions Inc. IL bought a new stake in General Motors during the second quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new stake in General Motors during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in General Motors during the 1st quarter valued at $30,000. Finally, EdgeRock Capital LLC bought a new position in General Motors in the 2nd quarter valued at $33,000. Institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $417,307.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Paul A. Jacobson purchased 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 261,872 shares in the company, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 12,795 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $417,307.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

General Motors Stock Up 9.8 %

General Motors stock opened at $53.73 on Wednesday. The firm has a market capitalization of $61.30 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.56 and a beta of 1.42. The company’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $46.04. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.99. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $54.17.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period last year, the business posted $2.28 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Motors will post 9.95 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.89%. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wedbush restated an “outperform” rating and issued a $55.00 target price on shares of General Motors in a research note on Wednesday, October 9th. Barclays raised their price objective on shares of General Motors from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company lowered their price target on shares of General Motors from $34.00 to $33.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Finally, Nomura Securities raised General Motors to a “strong sell” rating in a report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Motors has a consensus rating of “Hold” and an average price target of $55.35.

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.