Migdal Insurance & Financial Holdings Ltd. Purchases New Holdings in General Motors (NYSE:GM)

Migdal Insurance & Financial Holdings Ltd. purchased a new stake in General Motors (NYSE:GMFree Report) (TSE:GMM.U) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 520 shares of the auto manufacturer’s stock, valued at approximately $28,000.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in General Motors by 0.5% during the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer’s stock valued at $1,055,395,000 after purchasing an additional 106,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in 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 valued at $774,766,000 after purchasing an additional 989,750 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of General Motors by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer’s stock worth $498,310,000 after buying an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of General Motors by 6.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer’s stock worth $259,988,000 after buying an additional 358,507 shares in the last quarter. Finally, Ninety One UK Ltd increased its holdings in shares of General Motors by 38.7% during the fourth quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer’s stock worth $217,855,000 after buying an additional 1,140,569 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM opened at $47.35 on Friday. 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 stock has a market capitalization of $47.12 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The firm’s fifty day simple moving average is $51.96 and its two-hundred day simple moving average is $49.91. General Motors has a 12 month low of $37.83 and a 12 month high of $61.24.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, analysts predict that General Motors will post 11.41 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed 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 is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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 owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several research analyst reports. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price target on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Hold” and an average target price of $61.28.

Read Our Latest Stock Report on General Motors

General Motors Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.