Andra AP fonden Grows Position in General Motors (NYSE:GM)

Andra AP fonden grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,500 shares of the auto manufacturer's stock after buying an additional 27,500 shares during the period. Andra AP fonden's holdings in General Motors were worth $9,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Trust Point Inc. raised its position in shares of General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after acquiring an additional 193 shares in the last quarter. Avestar Capital LLC increased its stake in shares of General Motors by 2.3% during the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock valued at $430,000 after purchasing an additional 213 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of General Motors by 7.9% during the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after purchasing an additional 213 shares during the last quarter. Holistic Planning LLC grew its stake in shares of General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after buying an additional 214 shares during the last quarter. Finally, Norden Group LLC increased its position in General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock valued at $421,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and lifted their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Mizuho raised their price target on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. HSBC cut 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. Finally, The Goldman Sachs Group set a $73.00 price target on General Motors in a research note on Saturday, March 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.89.

General Motors Price Performance

Shares of GM stock traded down $0.37 on Wednesday, hitting $47.92. 10,035,570 shares of the stock traded hands, compared to its average volume of 12,243,682. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The firm has a 50 day simple moving average of $49.49 and a two-hundred day simple moving average of $50.51. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, equities research analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's payout ratio is 7.80%.

General Motors announced that its board has initiated a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

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

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.