Dymon Asia Capital Singapore PTE. LTD. Takes Position in General Motors (NYSE:GM)

Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,450 shares of the auto manufacturer's stock, valued at approximately $1,089,000. General Motors accounts for 0.3% of Dymon Asia Capital Singapore PTE. LTD.'s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Point Inc. boosted its stake in shares of General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares during the period. Continuum Advisory LLC increased its holdings in shares of General Motors by 7.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after acquiring an additional 213 shares during the last quarter. Holistic Planning LLC lifted its position 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. Nemes Rush Group LLC boosted its stake in General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after acquiring an additional 217 shares during the period. Finally, Bessemer Group Inc. grew its stake in General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

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Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors 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 completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.72% of the company's stock.

General Motors Stock Up 3.3 %

General Motors stock traded up $1.42 during midday trading on Monday, reaching $45.05. The stock had a trading volume of 22,015,481 shares, compared to its average volume of 13,583,292. The stock has a market capitalization of $44.82 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The firm's fifty day simple moving average is $47.36 and its 200-day simple moving average is $50.39. 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 quarterly earnings data 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 return on equity of 15.29% and a net margin of 3.21%. As a group, analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is 7.80%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and cut their target price for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Mizuho dropped their price target on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday. Cowen initiated coverage on General Motors in a report on Thursday, March 6th. They set a "buy" rating on the stock. JPMorgan Chase & Co. reduced their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.39.

General Motors 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.