General Motors (NYSE:GM) Shares Bought by TCW Group Inc.

TCW Group Inc. grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,427,352 shares of the auto manufacturer’s stock after purchasing an additional 23,979 shares during the quarter. TCW Group Inc. owned 0.14% of General Motors worth $76,035,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the 4th quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the 3rd quarter worth $27,000. Truvestments Capital LLC acquired a new position in shares of General Motors in the 3rd quarter worth $27,000. Finally, Compass Planning Associates Inc acquired a new position in shares of General Motors in the 4th quarter worth $27,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

NYSE GM opened at $46.31 on Friday. General Motors has a fifty-two week low of $38.94 and a fifty-two week high of $61.24. The stock’s 50-day moving average is $50.68 and its two-hundred day moving average is $50.22. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market cap of $46.07 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its 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 15.29% and a net margin of 3.21%. On average, analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.04%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. UBS Group restated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Finally, StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.71.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

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.