5,863 Shares in General Motors (NYSE:GM) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,863 shares of the auto manufacturer's stock, valued at approximately $312,000.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the 4th quarter valued at about $26,000. Compass Planning Associates Inc purchased a new position in General Motors in the fourth quarter valued at approximately $27,000. Whittier Trust Co. raised its holdings in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its position in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of GM traded up $0.68 during midday trading on Wednesday, hitting $45.84. 8,580,702 shares of the stock traded hands, compared to its average volume of 13,999,998. The firm has a market capitalization of $45.61 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The business's 50 day moving average price is $46.97 and its two-hundred day moving average price is $50.32. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. 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 results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

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

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. General Motors's dividend payout ratio is presently 7.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Cowen started coverage on General Motors in a research note on Thursday, March 6th. They issued a "buy" rating for the company. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a report on Monday, April 14th. Finally, TD Cowen assumed coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $54.83.

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.