QS Investors LLC lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 218,369 shares of the auto manufacturer’s stock after acquiring an additional 29,323 shares during the period. QS Investors LLC’s holdings in General Motors were worth $8,951,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC acquired a new stake in shares of General Motors in the 4th quarter valued at about $106,000. Fieldpoint Private Securities LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at about $119,000. Cerebellum GP LLC acquired a new stake in shares of General Motors in the 4th quarter valued at about $123,000. Independence Bank of Kentucky acquired a new stake in shares of General Motors in the 4th quarter valued at about $129,000. Finally, Stumpf Capital Management LLC acquired a new stake in shares of General Motors in the 4th quarter valued at about $131,000. 73.61% of the stock is owned by hedge funds and other institutional investors.
General Motors (NYSE:GM) opened at $37.84 on Monday. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76. The stock has a market capitalization of $53,091.14, a PE ratio of -13.09, a price-to-earnings-growth ratio of 0.72 and a beta of 1.60. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. General Motors’s payout ratio is presently -52.59%.
Several analysts have recently commented on the company. Vetr downgraded General Motors from a “hold” rating to a “sell” rating and set a $40.25 target price for the company. in a research note on Tuesday, February 27th. Goldman Sachs Group set a $33.00 target price on General Motors and gave the company a “sell” rating in a research note on Tuesday, February 6th. Royal Bank of Canada upgraded General Motors from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $51.00 to $52.00 in a research note on Tuesday, December 19th. Barclays restated a “buy” rating and issued a $60.00 target price on shares of General Motors in a research note on Sunday, January 21st. Finally, Bank of America raised their target price on General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.28.
In other news, EVP Mark L. Reuss sold 165,944 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $41.85, for a total value of $6,944,756.40. Following the transaction, the executive vice president now owns 369,878 shares in the company, valued at approximately $15,479,394.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $1,588,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 40,289,848 shares of company stock worth $1,600,694,061 in the last 90 days. Company insiders own 0.04% of the company’s stock.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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