General Motors (NYSE:GM) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,170,933 shares of the auto manufacturer's stock after purchasing an additional 96,337 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of General Motors worth $115,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of General Motors by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC boosted its position in General Motors by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after acquiring an additional 176,436 shares in the last quarter. Norges Bank purchased a new position in shares of General Motors in the 4th quarter valued at $592,321,000. ACR Alpine Capital Research LLC raised its position in shares of General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after acquiring an additional 2,104,528 shares in the last quarter. Finally, Amundi lifted its stake in shares of General Motors by 75.5% during the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after purchasing an additional 2,113,973 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

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General Motors Price Performance

Shares of NYSE:GM traded down $0.08 during trading on Friday, reaching $43.65. 10,731,393 shares of the company's stock traded hands, compared to its average volume of 13,549,381. The firm has a market cap of $43.43 billion, a PE ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a fifty-two week low of $38.96 and a fifty-two 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 company has a 50-day simple moving average of $47.36 and a 200-day simple moving average of $50.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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 predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed 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 1.10%. The ex-dividend date was Friday, March 7th. General Motors's payout ratio is 7.80%.

General Motors declared that its board has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

GM has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. Cowen began coverage on General Motors in a research report on Thursday, March 6th. They set a "buy" rating on the stock. Mizuho lowered their price target on General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday. Finally, TD Cowen began coverage on shares of General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, General Motors currently has an average rating of "Hold" and an average target price of $59.33.

Insider Buying and Selling at General Motors

In other 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 acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company's stock.

About General Motors

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.