Trexquant Investment LP Has $12.85 Million Stock Holdings in General Motors (NYSE:GM)

Trexquant Investment LP decreased its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 75.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 241,202 shares of the auto manufacturer's stock after selling 748,384 shares during the period. Trexquant Investment LP's holdings in General Motors were worth $12,849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GM. Trust Point Inc. lifted its position in shares of General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after purchasing an additional 193 shares during the last quarter. Continuum Advisory LLC increased its position in General Motors by 7.9% in 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. Holistic Planning LLC lifted its holdings in shares of General Motors by 3.9% during the fourth 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 last quarter. Nemes Rush Group LLC boosted its position in shares of General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after acquiring an additional 217 shares during the period. Finally, Norden Group LLC grew its stake in shares of General Motors by 3.0% in the fourth quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock worth $421,000 after acquiring an additional 229 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

GM stock traded down $1.68 during midday trading on Friday, reaching $44.22. 26,713,341 shares of the company's stock traded hands, compared to its average volume of 13,413,857. 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 company has a market cap of $44.00 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.67 and a beta of 1.27. The company has a 50-day simple moving average of $48.22 and a two-hundred day simple moving average of $50.57. 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 released its quarterly 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%. On average, analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.09%. General Motors's dividend payout ratio (DPR) is currently 7.80%.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on GM. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a research note on Saturday, March 1st. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Cowen initiated coverage on General Motors in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price objective for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.11.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was acquired 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 directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.