Mitsubishi UFJ Asset Management Co. Ltd. Has $91.54 Million Stock Position in General Motors (NYSE:GM)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,768,244 shares of the auto manufacturer's stock after acquiring an additional 88,748 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of General Motors worth $91,542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after purchasing an additional 1,510 shares during the period. SYM FINANCIAL Corp acquired a new position in General Motors in the 4th quarter valued at $474,000. Asset Management One Co. Ltd. raised its holdings in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after acquiring an additional 39,474 shares during the period. Avantra Family Wealth Inc. acquired a new position in General Motors during the 4th quarter worth $1,044,000. Finally, Handelsbanken Fonder AB boosted its holdings in General Motors by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after acquiring an additional 19,924 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.72% of the company's stock.

General Motors Price Performance

Shares of NYSE GM traded up $0.15 during midday trading on Tuesday, reaching $47.18. 14,031,989 shares of the company traded hands, compared to its average volume of 13,351,427. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock's 50-day simple moving average is $48.68 and its 200-day simple moving average is $50.62. The firm has a market cap of $46.94 billion, a PE ratio of 7.67, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results 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 net margin of 3.21% and a return on equity of 15.29%. As a group, equities analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has initiated a share 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 typically a sign that the company's management believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Analyst Ratings Changes

Several research firms recently weighed in on GM. The Goldman Sachs Group set a $73.00 price objective on General Motors in a research report on Saturday, March 1st. HSBC lowered 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. UBS Group restated a "buy" rating on shares of General Motors in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and upped their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Finally, Mizuho raised their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $62.11.

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.