Systematic Alpha Investments LLC Takes $311,000 Position in General Motors (NYSE:GM)

Systematic Alpha Investments LLC acquired a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,830 shares of the auto manufacturer's stock, valued at approximately $311,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thoroughbred Financial Services LLC grew its position in shares of General Motors by 9.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 28,580 shares of the auto manufacturer's stock worth $1,522,000 after purchasing an additional 2,554 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in shares of General Motors by 119.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 26,535 shares of the auto manufacturer's stock valued at $1,414,000 after buying an additional 14,461 shares during the period. Donald Smith & CO. Inc. grew its position in General Motors by 2.2% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,665,042 shares of the auto manufacturer's stock worth $88,697,000 after buying an additional 35,469 shares in the last quarter. Pitcairn Co. increased its stake in General Motors by 106.3% during the 4th quarter. Pitcairn Co. now owns 15,181 shares of the auto manufacturer's stock worth $809,000 after acquiring an additional 7,822 shares during the period. Finally, World Investment Advisors raised its holdings in General Motors by 42.8% in the 4th quarter. World Investment Advisors now owns 7,560 shares of the auto manufacturer's stock valued at $403,000 after acquiring an additional 2,266 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

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Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction that occurred on 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 transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GM. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. TD Cowen assumed coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. 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 company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $61.00.

General Motors Trading Down 2.5 %

GM traded down $1.07 during trading on Tuesday, reaching $42.46. 13,802,134 shares of the stock traded hands, compared to its average volume of 13,473,677. The stock's 50-day moving average is $47.99 and its 200 day moving average is $50.55. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. 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 stock has a market capitalization of $42.25 billion, a PE ratio of 6.90, a P/E/G ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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 anticipate that General Motors will post 11.44 earnings per share for the current year.

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid 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%.

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.