Todd Asset Management LLC Purchases 62,995 Shares of General Motors (NYSE:GM)

Todd Asset Management LLC boosted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 14.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 514,080 shares of the auto manufacturer’s stock after buying an additional 62,995 shares during the quarter. Todd Asset Management LLC owned approximately 0.05% of General Motors worth $27,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new position in General Motors during the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors in the 4th quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of General Motors during the 4th quarter valued at about $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Motors in the fourth quarter worth about $31,000. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.6 %

NYSE:GM opened at $46.55 on Tuesday. The company has a market cap of $46.31 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a 50 day simple moving average of $50.57 and a two-hundred day simple moving average of $50.32. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Research analysts forecast that General Motors will post 11.44 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. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GM. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.71.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.