Ameriprise Financial Inc. boosted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,748,615 shares of the auto manufacturer’s stock after purchasing an additional 251,273 shares during the quarter. Ameriprise Financial Inc. owned about 0.40% of General Motors worth $232,130,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC boosted its holdings in shares of General Motors by 3.0% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 2,464,019 shares of the auto manufacturer’s stock valued at $99,497,000 after acquiring an additional 71,993 shares during the last quarter. Columbia Asset Management boosted its holdings in shares of General Motors by 2.3% during the 3rd quarter. Columbia Asset Management now owns 100,580 shares of the auto manufacturer’s stock valued at $4,061,000 after acquiring an additional 2,282 shares during the last quarter. Blue Chip Partners Inc. boosted its holdings in shares of General Motors by 3.4% during the 3rd quarter. Blue Chip Partners Inc. now owns 77,327 shares of the auto manufacturer’s stock valued at $3,122,000 after acquiring an additional 2,578 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of General Motors by 12.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 244,301 shares of the auto manufacturer’s stock valued at $9,865,000 after acquiring an additional 27,525 shares during the last quarter. Finally, CNA Financial Corp boosted its holdings in shares of General Motors by 65.8% during the 3rd quarter. CNA Financial Corp now owns 77,897 shares of the auto manufacturer’s stock valued at $3,145,000 after acquiring an additional 30,917 shares during the last quarter. 73.50% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the stock. Guggenheim raised shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Monday. Deutsche Bank AG reaffirmed a “buy” rating on shares of General Motors in a report on Friday, November 17th. Vetr downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target on the stock. in a report on Monday, November 13th. Instinet downgraded shares of General Motors from a “buy” rating to a “neutral” rating and raised their price target for the company from $42.90 to $43.00 in a report on Wednesday, November 1st. Finally, Nomura downgraded shares of General Motors from a “buy” rating to a “hold” rating and raised their price target for the company from $43.00 to $46.00 in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. General Motors has a consensus rating of “Hold” and a consensus target price of $43.61.

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General Motors Company (NYSE:GM) traded down $0.68 on Friday, hitting $44.29. 9,836,800 shares of the company were exchanged, compared to its average volume of 13,398,756. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $62,909.88, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 0.77 and a beta of 1.56. General Motors Company has a one year low of $31.92 and a one year high of $46.76.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, December 7th. General Motors’s payout ratio is 77.95%.

In other General Motors news, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now owns 66,838 shares in the company, valued at approximately $2,971,617.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 971,122 shares of company stock worth $40,627,952. 0.04% of the stock is owned by company insiders.

General Motors Profile

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.

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

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