SageView Advisory Group LLC Acquires New Position in General Motors (NYSE:GM)

SageView Advisory Group LLC bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 7,174 shares of the auto manufacturer's stock, valued at approximately $382,000.

Several other hedge funds have also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after purchasing an additional 1,510 shares during the period. SYM FINANCIAL Corp bought a new position in shares of General Motors during the fourth quarter valued at approximately $474,000. Asset Management One Co. Ltd. increased its holdings in General Motors by 9.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock valued at $25,178,000 after buying an additional 39,474 shares during the period. Avantra Family Wealth Inc. bought a new position in General Motors in the fourth quarter worth approximately $1,044,000. Finally, Handelsbanken Fonder AB boosted its position in General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after acquiring an additional 19,924 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of General Motors stock traded down $0.57 during trading hours on Monday, reaching $44.00. The stock had a trading volume of 976,592 shares, compared to its average volume of 13,502,908. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The stock's 50 day moving average is $47.10 and its 200 day moving average is $50.37. The firm has a market capitalization of $43.78 billion, a PE ratio of 7.15, a PEG 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, 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%. Equities analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows 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 management believes its shares are undervalued.

General Motors Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lowered General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday, April 15th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Mizuho dropped their target price on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research note on Monday, April 14th. Finally, TD Cowen began coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 target price for the company. Five equities research 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 MarketBeat.com, General Motors has a consensus rating of "Hold" and an average target price of $56.72.

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.