SBI Securities Co. Ltd. Acquires New Holdings in General Motors (NYSE:GM)

SBI Securities Co. Ltd. acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,925 shares of the auto manufacturer's stock, valued at approximately $422,000.

Several other institutional investors and hedge funds have also made changes to their positions in GM. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new stake in General Motors during the third quarter worth approximately $27,000. Finally, Compass Planning Associates Inc bought a new stake in General Motors during the fourth quarter worth approximately $27,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

GM traded up $3.26 during trading on Wednesday, hitting $48.48. The stock had a trading volume of 27,945,139 shares, compared to its average volume of 11,756,132. The firm has a market cap of $48.24 billion, a PE ratio of 7.88, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a 50 day simple moving average of $49.98 and a 200-day simple moving average of $50.45.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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%. Analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

General Motors announced that its board has authorized a share buyback 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 usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GM. HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a report on Wednesday, December 11th. UBS Group reaffirmed a "buy" rating on shares of General Motors in a research note on Monday, February 3rd. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and raised their price objective for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of "Hold" and a consensus price target of $59.71.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now 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 SEC, which is available through the SEC website. 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.