Great Lakes Advisors LLC Grows Holdings in General Motors (NYSE:GM)

Great Lakes Advisors LLC raised its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,636,409 shares of the auto manufacturer's stock after purchasing an additional 46,537 shares during the period. Great Lakes Advisors LLC owned about 0.16% of General Motors worth $87,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Point Inc. lifted its holdings in General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares in the last quarter. Avestar Capital LLC increased its stake in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock valued at $430,000 after acquiring an additional 213 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after acquiring an additional 213 shares during the last quarter. Holistic Planning LLC increased its stake in shares of General Motors by 3.9% during the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after acquiring an additional 214 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock valued at $421,000 after acquiring an additional 229 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and upped their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. HSBC downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, General Motors presently has an average rating of "Hold" and an average target price of $62.89.

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General Motors Stock Up 0.5 %

General Motors stock opened at $48.32 on Wednesday. The company's 50-day moving average price is $49.49 and its two-hundred day moving average price is $50.51. The stock has a market cap of $48.08 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last announced its 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 return on equity of 15.29% and a net margin of 3.21%. On average, analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company's stock.

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.

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