General Motors (NYSE:GM) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,067,962 shares of the auto manufacturer's stock after selling 680,918 shares during the quarter. General Motors makes up about 1.0% of LSV Asset Management's portfolio, making the stock its 16th biggest position. LSV Asset Management owned 0.81% of General Motors worth $429,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. raised its position in General Motors by 2.7% during 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. Continuum Advisory LLC grew its holdings in General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock worth $131,000 after acquiring an additional 213 shares in the last quarter. Holistic Planning LLC increased its position in 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 purchasing an additional 214 shares during the period. Nemes Rush Group LLC raised its holdings in shares of General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares during the period. 92.67% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GM. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Sanford C. Bernstein lowered General Motors from a "market perform" rating to an "underperform" rating and reduced their price target for the stock from $50.00 to $35.00 in a research report on Monday, April 7th. Piper Sandler upped their price objective on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Mizuho cut their target price on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $58.39.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value 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 represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Performance

NYSE:GM traded up $1.42 during midday trading on Monday, hitting $45.05. The company's stock had a trading volume of 22,008,964 shares, compared to its average volume of 13,583,096. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market cap of $44.82 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.67 and a beta of 1.27. The firm's 50 day moving average is $47.36 and its 200-day moving average is $50.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. Equities analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors's payout ratio is 7.80%.

General Motors declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.