Asset Management One Co. Ltd. Acquires 39,474 Shares of General Motors (NYSE:GM)

Asset Management One Co. Ltd. increased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 9.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 463,848 shares of the auto manufacturer's stock after purchasing an additional 39,474 shares during the period. Asset Management One Co. Ltd.'s holdings in General Motors were worth $25,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC increased its holdings in shares of General Motors by 13.8% in the third quarter. Cornerstone Wealth Management LLC now owns 8,001 shares of the auto manufacturer's stock worth $359,000 after buying an additional 971 shares during the period. nVerses Capital LLC bought a new stake in General Motors in the third quarter valued at approximately $381,000. Bleakley Financial Group LLC boosted its stake in shares of General Motors by 2.6% during the third quarter. Bleakley Financial Group LLC now owns 18,026 shares of the auto manufacturer's stock valued at $808,000 after purchasing an additional 449 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of General Motors by 2.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,059 shares of the auto manufacturer's stock worth $6,504,000 after buying an additional 3,176 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in General Motors by 15.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 42,838 shares of the auto manufacturer's stock valued at $1,921,000 after buying an additional 5,885 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 8,919 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

General Motors Price Performance

NYSE:GM traded down $0.43 during trading hours on Tuesday, hitting $47.95. 3,039,705 shares of the stock traded hands, compared to its average volume of 10,812,410. The stock has a 50 day moving average price of $51.07 and a 200 day moving average price of $50.09. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a market cap of $47.71 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. General Motors has a 1 year low of $38.13 and a 1 year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and raised their target price for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Barclays upped their target price on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $59.71.

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.