Daiwa Securities Group Inc. Purchases 5,905 Shares of General Motors (NYSE:GM)

Daiwa Securities Group Inc. grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,769 shares of the auto manufacturer's stock after buying an additional 5,905 shares during the quarter. Daiwa Securities Group Inc.'s holdings in General Motors were worth $9,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Point Inc. lifted its holdings in General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after buying an additional 193 shares in the last quarter. Avestar Capital LLC raised 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 acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of General Motors by 7.9% in 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 period. Holistic Planning LLC boosted its holdings in shares of General Motors by 3.9% in the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after purchasing an additional 214 shares during the period. Finally, Norden Group LLC increased its holdings in General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock worth $421,000 after purchasing an additional 229 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.72% of the company's stock.

General Motors Stock Up 0.5 %

GM stock opened at $48.32 on Wednesday. The stock has a market capitalization of $48.08 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. 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 firm has a 50 day moving average of $49.49 and a 200 day moving average of $50.51.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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 11.44 earnings per share for the current year.

General Motors declared that its board has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GM shares. Hsbc Global Res cut General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and upped their price objective for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a research report on Saturday, March 1st. Mizuho upped their price target 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. Finally, Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.89.

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.

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