Xponance Inc. Grows Position in General Motors (NYSE:GM)

Xponance Inc. boosted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,482 shares of the auto manufacturer's stock after purchasing an additional 41,799 shares during the period. Xponance Inc.'s holdings in General Motors were worth $10,733,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the 4th quarter valued at $27,000. Duncker Streett & Co. Inc. lifted its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.72% of the company's stock.

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General Motors Trading Up 0.7 %

GM stock traded up $0.33 during trading on Friday, hitting $49.77. 37,623,460 shares of the company traded hands, compared to its average volume of 12,880,513. The firm has a market capitalization of $49.53 billion, a PE ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a 50-day moving average of $49.02 and a 200-day moving average of $50.47. 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 issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. Analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

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

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is currently 7.80%.

Analysts Set New Price Targets

A number of research analysts have recently commented on GM shares. HSBC cut 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 initiated coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $63.06.

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.