Vinva Investment Management Ltd Grows Position in General Motors (NYSE:GM)

Vinva Investment Management Ltd grew its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,283 shares of the auto manufacturer's stock after buying an additional 22,169 shares during the period. Vinva Investment Management Ltd's holdings in General Motors were worth $5,167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the fourth quarter worth approximately $26,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the third quarter valued at approximately $27,000. Compass Planning Associates Inc bought a new position in General Motors during the fourth quarter valued at approximately $27,000. Finally, Duncker Streett & Co. Inc. boosted its holdings in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Trading Up 3.3 %

NYSE GM traded up $1.67 on Monday, hitting $51.47. 16,019,674 shares of the stock were exchanged, compared to its average volume of 12,893,081. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The firm has a market capitalization of $51.21 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.67 and a beta of 1.42. 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 stock has a fifty day moving average price of $49.02 and a two-hundred day moving average price of $50.49.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, March 7th. General Motors's payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GM. TD Cowen began coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price target on the stock. Hsbc Global Res cut General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Cowen initiated coverage on shares of General Motors in a report on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, Piper Sandler upped their target price on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, General Motors presently has a consensus rating of "Hold" and an average price target of $63.06.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were 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 approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

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.