Jackson Creek Investment Advisors LLC Purchases New Stake in General Motors (NYSE:GM)

Jackson Creek Investment Advisors LLC acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,459 shares of the auto manufacturer's stock, valued at approximately $930,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Callan Family Office LLC acquired a new stake in General Motors during the 4th quarter worth approximately $546,000. Candriam S.C.A. raised its stake in shares of General Motors by 27.8% during the fourth quarter. Candriam S.C.A. now owns 94,497 shares of the auto manufacturer's stock worth $5,034,000 after purchasing an additional 20,567 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of General Motors during the fourth quarter worth $228,000. Ethos Financial Group LLC purchased a new position in General Motors in the 4th quarter valued at $112,000. Finally, Raymond James Financial Inc. acquired a new position in General Motors in the 4th quarter valued at $108,366,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

GM stock traded up $0.19 on Friday, reaching $47.39. The company had a trading volume of 13,822,155 shares, compared to its average volume of 11,861,842. The company's fifty day moving average is $49.70 and its 200 day moving average is $50.47. The company has a market cap of $47.16 billion, a P/E ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

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

General Motors Dividend Announcement

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

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction that occurred on 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 transaction, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. TD Cowen assumed coverage on General Motors in a report on Friday. They issued a "buy" rating and a $105.00 price objective on the stock. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. HSBC cut General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Finally, Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, General Motors presently has an average rating of "Hold" and an average target price of $62.22.

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.