Price T Rowe Associates Inc. MD Has $84.69 Million Stock Position in General Motors (NYSE:GM)

Price T Rowe Associates Inc. MD cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 34.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,589,852 shares of the auto manufacturer's stock after selling 837,924 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.16% of General Motors worth $84,692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the fourth quarter worth $26,000. Compass Planning Associates Inc bought a new stake in shares of General Motors during the fourth quarter worth $27,000. Whittier Trust Co. lifted its stake 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 valued at $27,000 after acquiring an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business's stock in a transaction dated 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 $694,751.24. This trade represents 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 hyperlink. 0.72% of the stock is owned by company insiders.

General Motors Price Performance

GM opened at $47.11 on Monday. The firm's fifty day moving average price is $46.87 and its two-hundred day moving average price is $50.34. The company has a market capitalization of $46.87 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.67 and a beta of 1.27. 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 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 posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows 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 leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on GM shares. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $54.83.

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.

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