General Motors (NYSE:GM) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 16.9% during the fourth quarter, Holdings Channel reports. The fund owned 110,428 shares of the auto manufacturer’s stock after buying an additional 15,925 shares during the quarter. General Motors makes up 1.3% of Ninety One SA PTY Ltd’s holdings, making the stock its 23rd largest holding. Ninety One SA PTY Ltd’s holdings in General Motors were worth $5,882,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Crews Bank & Trust acquired a new stake in shares of General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors during the third quarter worth $27,000. Truvestments Capital LLC acquired a new stake in General Motors during the third quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new position in General Motors in the fourth quarter valued at $31,000. Finally, Eastern Bank acquired a new position in shares of General Motors in the third quarter worth about $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $48.64 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $48.39 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The firm’s 50-day moving average is $52.39 and its two-hundred day moving average is $49.94. General Motors has a 12 month low of $37.60 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 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%. Analysts predict that General Motors will post 11.41 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In related news, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares in the company, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays lifted their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein upped their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Wedbush lifted their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.28.

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.