R Squared Ltd Takes $231,000 Position in General Motors (NYSE:GM)

R Squared Ltd acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,340 shares of the auto manufacturer’s stock, valued at approximately $231,000.

Other large investors have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of General Motors by 972.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer’s stock worth $94,300,000 after acquiring an additional 1,906,964 shares during the last quarter. Jennison Associates LLC lifted its stake in General Motors by 123.1% in the 3rd quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer’s stock valued at $144,655,000 after purchasing an additional 1,779,897 shares during the last quarter. Artemis Investment Management LLP boosted its position in General Motors by 581.4% in the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock valued at $71,827,000 after buying an additional 1,366,768 shares in the last quarter. National Bank of Canada FI grew its stake in shares of General Motors by 158.8% during the third quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer’s stock worth $97,374,000 after buying an additional 1,332,450 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of General Motors by 6.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer’s stock worth $774,766,000 after buying an additional 989,750 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the topic of several recent research reports. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group upped their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors currently has a consensus rating of “Hold” and an average price target of $61.17.

Insider Transactions at General Motors

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. The trade was a 49.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by corporate insiders.

General Motors Price Performance

NYSE GM opened at $50.07 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The company has a market cap of $55.06 billion, a PE ratio of 5.34, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. General Motors has a 52 week low of $34.93 and a 52 week high of $61.24. The firm’s 50-day simple moving average is $53.14 and its two-hundred day simple moving average is $49.95.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly 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 16.30% and a net margin of 6.06%. Research analysts predict that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

About General Motors

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.