General Motors (NYSE:GM) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 53.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,957 shares of the auto manufacturer's stock after purchasing an additional 10,460 shares during the period. Verdence Capital Advisors LLC's holdings in General Motors were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GM. ACR Alpine Capital Research LLC boosted its stake in 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 purchasing an additional 2,104,528 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in General Motors by 972.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock worth $94,300,000 after purchasing an additional 1,906,964 shares in the last quarter. Jennison Associates LLC boosted its stake in General Motors by 123.1% in the 3rd quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after purchasing an additional 1,779,897 shares in the last quarter. National Bank of Canada FI boosted its stake in General Motors by 158.8% in the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock worth $97,374,000 after purchasing an additional 1,332,450 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in General Motors by 35.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock worth $234,364,000 after purchasing an additional 1,159,958 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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General Motors Price Performance

NYSE GM traded up $0.19 on Friday, hitting $47.39. The company had a trading volume of 13,822,155 shares, compared to its average volume of 11,861,842. The company has a market capitalization of $47.16 billion, a PE ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42. The company's fifty day moving average price is $49.70 and its 200-day moving average price is $50.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results 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%. As a group, analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.01%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors declared that its Board of Directors has authorized a stock repurchase 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 buy up to 12.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho lifted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Hsbc Global Res cut shares of General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. TD Cowen initiated coverage on shares of General Motors in a research note on Friday. They set a "buy" rating and a $105.00 price objective for the company. Finally, HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective for the company. in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.22.

Insiders Place Their Bets

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

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.