HBK Investments L P lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 203.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,301,600 shares of the auto manufacturer’s stock after buying an additional 872,300 shares during the period. General Motors comprises approximately 0.5% of HBK Investments L P’s portfolio, making the stock its 16th biggest position. HBK Investments L P owned about 0.09% of General Motors worth $53,353,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Advent Capital Management DE boosted its position in General Motors by 30.6% during the fourth quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock valued at $8,138,000 after purchasing an additional 46,541 shares during the last quarter. Alyeska Investment Group L.P. boosted its position in General Motors by 181.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after purchasing an additional 1,166,696 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after purchasing an additional 331,621 shares during the last quarter. Lehman Financial Resources Inc. boosted its position in General Motors by 6.4% during the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in General Motors during the third quarter valued at $701,000. 73.61% of the stock is owned by institutional investors and hedge funds.
General Motors (NYSE:GM) opened at $37.84 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. The company has a market capitalization of $53,091.14, a PE ratio of -13.09, a PEG ratio of 0.72 and a beta of 1.60. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76.
The firm also recently disclosed 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 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%.
A number of research firms recently issued reports on GM. BMO Capital Markets reissued a “hold” rating and set a $42.00 price objective on shares of General Motors in a research report on Tuesday, March 6th. Vetr cut General Motors from a “hold” rating to a “sell” rating and set a $40.25 price objective for the company. in a research report on Tuesday, February 27th. Berenberg Bank set a $34.00 price objective on General Motors and gave the company a “sell” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their price objective on General Motors from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada set a $52.00 price objective on General Motors and gave the company a “buy” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.28.
In other news, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now directly owns 57,091 shares in the company, valued at $2,569,095. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of General Motors stock in a transaction dated 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 40,289,848 shares of company stock worth $1,600,694,061 over the last quarter. 0.04% of the stock is currently owned by corporate insiders.
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About General Motors
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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