General Motors (NYSE:GM) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 116.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 461,336 shares of the auto manufacturer's stock after buying an additional 248,492 shares during the period. O Shaughnessy Asset Management LLC's holdings in General Motors were worth $24,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GM. Blue Trust Inc. raised its holdings in General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after buying an additional 1,510 shares during the period. SYM FINANCIAL Corp purchased a new stake in shares of General Motors in the fourth quarter valued at $474,000. Asset Management One Co. Ltd. lifted its holdings in shares of 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 last quarter. Avantra Family Wealth Inc. bought a new stake in shares of General Motors in the 4th quarter worth about $1,044,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock worth $10,763,000 after purchasing an additional 19,924 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Down 3.7 %

Shares of GM stock traded down $1.68 during mid-day trading on Friday, hitting $44.22. 26,713,341 shares of the stock traded hands, compared to its average volume of 13,405,079. The stock's fifty day moving average is $48.22 and its two-hundred day moving average is $50.55. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $44.00 billion, a P/E ratio of 7.19, a P/E/G ratio of 0.67 and a beta of 1.27.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors announced that its Board of Directors has approved a share buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GM shares. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. The Goldman Sachs Group set a $73.00 target price on General Motors in a research report on Saturday, March 1st. Finally, StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, General Motors currently has an average rating of "Hold" and a consensus target price of $62.11.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was acquired 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 in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company's stock.

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.