Keystone Investors PTE Ltd. Makes New Investment in General Motors (NYSE:GM)

Keystone Investors PTE Ltd. acquired a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 59,345 shares of the auto manufacturer's stock, valued at approximately $3,161,000.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter valued at $26,000. Compass Planning Associates Inc bought a new stake in General Motors in the fourth quarter worth $27,000. Whittier Trust Co. lifted its position in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

GM has been the topic of several recent analyst reports. UBS Group reissued a "buy" rating on shares of General Motors in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday. TD Cowen assumed coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price objective 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 target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $62.11.

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Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Down 1.2 %

Shares of GM traded down $0.55 during mid-day trading on Friday, hitting $46.65. 18,815,180 shares of the company's stock were exchanged, compared to its average volume of 13,329,089. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The firm has a fifty day moving average of $48.89 and a two-hundred day moving average of $50.56. The stock has a market cap of $46.42 billion, a price-to-earnings ratio of 7.59, a P/E/G 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 announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

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

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.