Susquehanna Fundamental Investments LLC Invests $25.40 Million in General Motors (NYSE:GM)

Susquehanna Fundamental Investments LLC purchased a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 476,888 shares of the auto manufacturer's stock, valued at approximately $25,404,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. Whittier Trust Co. grew its stake in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was acquired at an average cost 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 $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of NYSE GM traded down $0.34 during midday trading on Tuesday, hitting $46.90. 24,158,800 shares of the company's stock traded hands, compared to its average volume of 13,403,470. The firm has a fifty day moving average of $46.86 and a 200 day moving average of $50.33. The stock has a market capitalization of $45.32 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.62 EPS. On average, analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a dividend of $0.15 per share. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. General Motors's payout ratio is 7.80%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Finally, TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price for the company. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average target price of $54.83.

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.