Natixis Buys 137,069 Shares of General Motors (NYSE:GM)

Natixis grew its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 112.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,982 shares of the auto manufacturer's stock after purchasing an additional 137,069 shares during the quarter. Natixis' holdings in General Motors were worth $13,796,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in GM. Golden State Wealth Management LLC bought a new position in shares of General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new position in General Motors in the fourth quarter valued at $26,000. Compass Planning Associates Inc bought a new stake in General Motors during the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. grew its holdings in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. raised its position in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Mizuho cut their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group decreased their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and decreased their price objective for the company from $50.00 to $35.00 in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and a consensus target price of $54.83.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The stock was 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Performance

NYSE GM traded up $1.02 during trading hours on Thursday, reaching $46.86. 7,506,799 shares of the company were exchanged, compared to its average volume of 13,370,364. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $46.63 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The business's 50 day simple moving average is $46.92 and its 200-day simple moving average is $50.29.

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

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is currently 7.80%.

General Motors declared that its board has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors 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.