Ruffer LLP Buys Shares of 60,515 General Motors (NYSE:GM)

Ruffer LLP purchased a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 60,515 shares of the auto manufacturer's stock, valued at approximately $3,224,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the 4th quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in General Motors in the fourth quarter valued at $26,000. Truvestments Capital LLC acquired a new position in shares of General Motors in the 3rd quarter valued at $27,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the 4th quarter worth $27,000. Finally, Duncker Streett & Co. Inc. raised its holdings in 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 buying an additional 498 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. UBS Group restated a "buy" rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res lowered shares of General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Cowen assumed coverage on shares of General Motors in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Finally, TD Cowen initiated coverage on shares of General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, General Motors has a consensus rating of "Hold" and a consensus target price of $62.89.

General Motors Stock Performance

Shares of GM stock traded down $0.81 during midday trading on Thursday, hitting $47.09. The company had a trading volume of 14,185,419 shares, compared to its average volume of 12,284,437. General Motors has a 52-week low of $38.94 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company's 50 day simple moving average is $49.38 and its 200 day simple moving average is $50.49. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 7.66, 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 data 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%. Research 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 share repurchase program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, March 7th. General Motors's payout ratio is 7.80%.

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.