Mirae Asset Global Investments Co. Ltd. Buys 21,520 Shares of General Motors (NYSE:GM)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 12.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 194,277 shares of the auto manufacturer’s stock after acquiring an additional 21,520 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in General Motors were worth $10,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Weaver Capital Management LLC lifted its stake in General Motors by 6.8% during the 4th quarter. Weaver Capital Management LLC now owns 18,503 shares of the auto manufacturer’s stock valued at $986,000 after acquiring an additional 1,180 shares during the period. Win Advisors Inc. bought a new position in General Motors during the 4th quarter valued at about $1,098,000. Stratos Wealth Partners LTD. increased its position in shares of General Motors by 28.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 57,275 shares of the auto manufacturer’s stock valued at $3,051,000 after purchasing an additional 12,612 shares during the last quarter. Guidance Capital Inc. increased its position in shares of General Motors by 6.1% during the 4th quarter. Guidance Capital Inc. now owns 21,334 shares of the auto manufacturer’s stock valued at $1,150,000 after purchasing an additional 1,227 shares during the last quarter. Finally, Cassia Capital Partners LLC purchased a new stake in shares of General Motors during the 4th quarter valued at about $611,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.2 %

GM opened at $47.91 on Friday. The firm has a 50-day simple moving average of $52.11 and a two-hundred day simple moving average of $49.93. General Motors has a 52 week low of $37.83 and a 52 week high of $61.24. The company has a market capitalization of $47.67 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

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 the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Analysts forecast that General Motors will post 11.41 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Wedbush upped their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Finally, Mizuho increased their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned 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 a consensus target price of $61.28.

Insider Activity at General Motors

In related news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

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.