Schroder Investment Management Group Boosts Stock Holdings in General Motors (NYSE:GM)

Schroder Investment Management Group grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 316,274 shares of the auto manufacturer's stock after purchasing an additional 29,815 shares during the quarter. Schroder Investment Management Group's holdings in General Motors were worth $16,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of General Motors by 0.5% during the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock valued at $1,055,395,000 after buying an additional 106,878 shares during the period. Norges Bank bought a new position in General Motors in the 4th quarter worth $592,321,000. ACR Alpine Capital Research LLC raised its holdings in General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after purchasing an additional 2,104,528 shares in the last quarter. Amundi lifted its position in shares of General Motors by 75.5% in the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after purchasing an additional 2,113,973 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in shares of General Motors by 35.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock valued at $234,364,000 after purchasing an additional 1,159,958 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

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General Motors Stock Performance

NYSE:GM traded down $1.07 on Tuesday, hitting $42.46. The stock had a trading volume of 16,409,819 shares, compared to its average volume of 13,494,628. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $42.25 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. 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's 50-day simple moving average is $47.69 and its two-hundred day simple moving average is $50.45.

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 EPS for the quarter, beating 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%. As a group, research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GM. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $50.00 to $35.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and increased their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Piper Sandler boosted their target price on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $61.00.

About General Motors

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.