Kazazian Asset Management LLC Invests $1.86 Million in General Motors (NYSE:GM)

Kazazian Asset Management LLC bought a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,000 shares of the auto manufacturer's stock, valued at approximately $1,864,000. General Motors comprises approximately 1.4% of Kazazian Asset Management LLC's investment portfolio, making the stock its 18th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC boosted its holdings in shares of General Motors by 18.1% in the 3rd quarter. Claro Advisors LLC now owns 9,631 shares of the auto manufacturer's stock valued at $432,000 after purchasing an additional 1,478 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of General Motors by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,193 shares of the auto manufacturer's stock valued at $2,340,000 after acquiring an additional 539 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of General Motors by 81.0% during the 3rd quarter. Quest Partners LLC now owns 37,516 shares of the auto manufacturer's stock valued at $1,682,000 after acquiring an additional 16,788 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of General Motors by 15.3% during the 3rd quarter. Caprock Group LLC now owns 29,402 shares of the auto manufacturer's stock valued at $1,318,000 after acquiring an additional 3,899 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of General Motors by 1,167.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 12,920 shares of the auto manufacturer's stock valued at $579,000 after acquiring an additional 11,901 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

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Analysts Set New Price Targets

GM has been the topic of several recent research reports. UBS Group restated a "buy" rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group set a $73.00 price objective on shares of General Motors in a report on Saturday, March 1st. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, TD Cowen initiated coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $63.06.

General Motors Price Performance

Shares of NYSE:GM traded up $0.33 during trading on Friday, reaching $49.77. The company had a trading volume of 37,623,460 shares, compared to its average volume of 12,880,513. The firm's fifty day moving average is $49.02 and its 200 day moving average is $50.47. The firm has a market capitalization of $49.53 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, equities analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

General Motors declared that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares of the company's stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by company insiders.

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.