General Motors (NYSE:GM) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 27.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 94,497 shares of the auto manufacturer's stock after acquiring an additional 20,567 shares during the quarter. Candriam S.C.A.'s holdings in General Motors were worth $5,034,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GM. ACR Alpine Capital Research LLC grew 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 valued at $394,060,000 after buying an additional 2,104,528 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of General Motors in the fourth quarter valued at $108,366,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of General Motors by 972.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock valued at $94,300,000 after purchasing an additional 1,906,964 shares during the period. 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 during the period. Finally, National Bank of Canada FI grew its holdings in General Motors by 158.8% during the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock valued at $97,374,000 after buying an additional 1,332,450 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

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General Motors Stock Performance

Shares of NYSE:GM traded down $0.37 during trading on Wednesday, hitting $47.92. The company's stock had a trading volume of 10,027,143 shares, compared to its average volume of 12,190,716. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market cap of $47.68 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company has a 50-day moving average of $49.49 and a 200-day moving average of $50.51.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, sell-side analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

General Motors declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC lowered 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 report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Cowen began coverage on General Motors in a research note on Thursday, March 6th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and raised their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $62.89.

Insider Activity at General Motors

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

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.