Oxford Asset Management LLP Acquires 16,975 Shares of General Motors (NYSE:GM)

Oxford Asset Management LLP lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 130.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,953 shares of the auto manufacturer's stock after purchasing an additional 16,975 shares during the period. General Motors accounts for approximately 0.8% of Oxford Asset Management LLP's portfolio, making the stock its 14th largest position. Oxford Asset Management LLP's holdings in General Motors were worth $1,596,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $25,404,000. Virtus ETF Advisers LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $1,162,000. Coldstream Capital Management Inc. boosted its position in shares of General Motors by 2.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 20,305 shares of the auto manufacturer's stock valued at $1,082,000 after purchasing an additional 420 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of General Motors by 151.1% during the fourth quarter. Nebula Research & Development LLC now owns 70,035 shares of the auto manufacturer's stock valued at $3,731,000 after purchasing an additional 42,145 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of General Motors during the fourth quarter valued at approximately $5,646,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Performance

GM traded down $0.34 during midday trading on Tuesday, reaching $46.90. The company had a trading volume of 24,158,800 shares, compared to its average volume of 13,403,470. 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 business has a 50-day moving average of $46.86 and a two-hundred day moving average of $50.33. The company has a market cap of $45.32 billion, a P/E ratio of 7.63, 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.62 earnings per share. As a group, equities research analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. General Motors's dividend payout ratio is 7.80%.

General Motors announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

GM has been the topic of several research reports. Piper Sandler lifted their price target on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Citigroup began coverage on General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price on the stock. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. Finally, StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $54.83.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

General Motors Company 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.