US Bancorp DE Has $5.76 Million Stake in General Motors (NYSE:GM)

US Bancorp DE boosted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,137 shares of the auto manufacturer's stock after purchasing an additional 6,838 shares during the quarter. US Bancorp DE's holdings in General Motors were worth $5,760,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of General Motors by 20.4% during the third quarter. Farther Finance Advisors LLC now owns 6,021 shares of the auto manufacturer's stock valued at $270,000 after acquiring an additional 1,019 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of General Motors by 15.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock valued at $510,000 after acquiring an additional 1,559 shares during the period. Van ECK Associates Corp boosted its holdings in shares of General Motors by 6.0% during the third quarter. Van ECK Associates Corp now owns 35,384 shares of the auto manufacturer's stock valued at $1,587,000 after acquiring an additional 2,015 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of General Motors by 61.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,303,108 shares of the auto manufacturer's stock valued at $58,431,000 after acquiring an additional 493,486 shares during the period. Finally, Forum Financial Management LP boosted its holdings in shares of General Motors by 16.9% during the third quarter. Forum Financial Management LP now owns 12,713 shares of the auto manufacturer's stock valued at $570,000 after acquiring an additional 1,841 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

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General Motors Price Performance

Shares of NYSE GM traded up $0.19 during trading on Friday, hitting $47.39. The company had a trading volume of 13,822,155 shares, compared to its average volume of 11,861,842. The company has a market cap of $47.16 billion, a P/E ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The business's 50-day moving average is $49.70 and its 200 day moving average is $50.44. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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 research analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

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

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, March 7th. General Motors's dividend payout ratio (DPR) is currently 7.80%.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and boosted their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. TD Cowen started coverage on shares of General Motors in a research note on Friday. They set a "buy" rating and a $105.00 price objective on the stock. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Finally, HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.22.

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.