Jones Financial Companies Lllp Buys 10,308 Shares of General Motors (NYSE:GM)

Jones Financial Companies Lllp grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 42.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,490 shares of the auto manufacturer's stock after buying an additional 10,308 shares during the period. Jones Financial Companies Lllp's holdings in General Motors were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of General Motors by 972.6% during the third 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 acquiring an additional 1,906,964 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of General Motors by 123.1% in the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after buying an additional 1,779,897 shares during the period. National Bank of Canada FI lifted its stake in shares of 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 valued at $97,374,000 after acquiring an additional 1,332,450 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in General Motors by 35.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock valued at $234,364,000 after acquiring an additional 1,159,958 shares during the period. Finally, Ninety One UK Ltd increased its stake in General Motors by 38.7% in the 4th quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer's stock worth $217,855,000 after purchasing an additional 1,140,569 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

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General Motors Stock Up 1.4 %

Shares of NYSE GM traded up $0.66 on Monday, reaching $48.10. 21,612,902 shares of the company's stock traded hands, compared to its average volume of 12,077,100. The business's 50 day simple moving average is $49.70 and its two-hundred day simple moving average is $50.50. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

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

General Motors declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend 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%.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now 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 can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a research note on Saturday, March 1st. Hsbc Global Res cut shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $62.89.

General Motors Company 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.