FIL Ltd Has $491,000 Stock Holdings in General Motors (NYSE:GM)

FIL Ltd trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 39.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,219 shares of the auto manufacturer's stock after selling 5,975 shares during the period. FIL Ltd's holdings in General Motors were worth $491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GM. Twin Capital Management Inc. increased its holdings in shares of General Motors by 2.9% in the fourth quarter. Twin Capital Management Inc. now owns 62,101 shares of the auto manufacturer's stock worth $3,308,000 after acquiring an additional 1,722 shares in the last quarter. Trek Financial LLC boosted its holdings in shares of General Motors by 23.1% in the fourth quarter. Trek Financial LLC now owns 25,269 shares of the auto manufacturer's stock valued at $1,346,000 after buying an additional 4,750 shares during the period. Federated Hermes Inc. increased its position in shares of General Motors by 90.6% during the fourth quarter. Federated Hermes Inc. now owns 643,349 shares of the auto manufacturer's stock worth $34,271,000 after acquiring an additional 305,793 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of General Motors by 5.0% during the fourth quarter. Quadrant Capital Group LLC now owns 8,417 shares of the auto manufacturer's stock worth $448,000 after acquiring an additional 400 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of General Motors during the fourth quarter worth $5,327,000. Institutional investors own 92.67% of the company's stock.

Insider Buying and Selling 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 that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company's stock.

General Motors Stock Performance

Shares of GM stock traded up $0.33 during trading on Friday, reaching $44.55. 11,706,110 shares of the company's stock were exchanged, compared to its average volume of 13,560,626. The firm's fifty day moving average price is $47.10 and its 200-day moving average price is $50.29. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The stock has a market capitalization of $44.32 billion, a PE ratio of 7.24, a PEG ratio of 0.67 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued 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 1.08%. General Motors's dividend payout ratio (DPR) is currently 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a report on Monday, April 14th. Barclays downgraded General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday. Mizuho cut their target price on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. TD Cowen assumed coverage on shares of General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.72.

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.