Stoneridge Investment Partners LLC Has $5.76 Million Stake in General Motors (NYSE:GM)

Stoneridge Investment Partners LLC lowered its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 39.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,081 shares of the auto manufacturer's stock after selling 70,362 shares during the quarter. General Motors accounts for about 2.1% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 12th largest position. Stoneridge Investment Partners LLC's holdings in General Motors were worth $5,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trust Point Inc. lifted its position in shares of General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after acquiring an additional 193 shares during the period. Allworth Financial LP lifted its position in shares of General Motors by 2.3% during the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock worth $412,000 after buying an additional 205 shares during the period. Avestar Capital LLC lifted its position in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock worth $430,000 after buying an additional 213 shares during the period. Continuum Advisory LLC lifted its position in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock worth $131,000 after buying an additional 213 shares during the period. Finally, Holistic Planning LLC lifted its position in shares of General Motors by 3.9% during the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 0.3 %

NYSE:GM traded up $0.12 on Tuesday, reaching $46.69. The company's stock had a trading volume of 7,050,038 shares, compared to its average volume of 11,422,721. General Motors has a 1-year low of $37.83 and a 1-year high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a market cap of $46.46 billion, a PE ratio of 7.59, a PEG ratio of 0.68 and a beta of 1.40. The business's 50-day moving average price is $51.63 and its two-hundred day moving average price is $49.96.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Equities research analysts anticipate that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. General Motors's dividend payout ratio (DPR) is 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and lifted their price objective for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors has an average rating of "Hold" and an average price target of $61.28.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate 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.