Amundi Grows Holdings in General Motors (NYSE:GM)

Amundi increased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 75.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,914,256 shares of the auto manufacturer's stock after acquiring an additional 2,113,973 shares during the quarter. Amundi owned approximately 0.49% of General Motors worth $250,627,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after buying an additional 1,510 shares during the period. SYM FINANCIAL Corp acquired a new position in General Motors in the 4th quarter valued at $474,000. Versor Investments LP acquired a new position in General Motors in the 3rd quarter valued at $1,551,000. Asset Management One Co. Ltd. increased its stake in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock valued at $25,178,000 after buying an additional 39,474 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new position in General Motors in the 4th quarter valued at $1,044,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GM shares. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. TD Cowen started coverage on shares of General Motors in a research report on Friday. They set a "buy" rating and a $105.00 target price on the stock. Finally, Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.22.

Remove Ads

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase 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 insiders.

General Motors Trading Up 0.4 %

NYSE:GM traded up $0.19 on Friday, reaching $47.39. The stock had a trading volume of 13,822,155 shares, compared to its average volume of 11,861,842. The company has a market cap of $47.16 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm's fifty day moving average is $49.70 and its two-hundred day moving average is $50.50. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. General Motors's dividend payout ratio (DPR) is 7.80%.

General Motors announced that its board has initiated a share buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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.