Prudential Financial Inc. Has $155.54 Million Stock Holdings in General Motors (NYSE:GM)

Prudential Financial Inc. reduced its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,919,753 shares of the auto manufacturer's stock after selling 77,736 shares during the quarter. Prudential Financial Inc. owned approximately 0.29% of General Motors worth $155,535,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after purchasing an additional 1,510 shares during the period. SYM FINANCIAL Corp acquired a new stake in General Motors in the 4th quarter valued at approximately $474,000. Asset Management One Co. Ltd. increased its position in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after buying an additional 39,474 shares during the period. Avantra Family Wealth Inc. acquired a new position in shares of General Motors during the fourth quarter worth approximately $1,044,000. Finally, Handelsbanken Fonder AB boosted its position in shares of General Motors by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after acquiring an additional 19,924 shares during the period. Institutional investors own 92.67% of the company's stock.

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Wall Street Analyst Weigh In

GM has been the topic of a number of research reports. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and increased their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lowered their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, UBS Group restated a "buy" rating on shares of General Motors in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $62.11.

General Motors Price Performance

Shares of General Motors stock traded down $0.55 during trading on Friday, reaching $46.65. The company's stock had a trading volume of 18,815,180 shares, compared to its average volume of 13,329,089. The stock has a 50-day moving average price of $48.89 and a two-hundred day moving average price of $50.53. The stock has a market capitalization of $46.42 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a one year low of $38.96 and a one year high of $61.24.

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 (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is 7.80%.

General Motors announced that its Board of Directors has approved a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.