Russell Investments Group Ltd. Has $167.04 Million Holdings in General Motors (NYSE:GM)

Russell Investments Group Ltd. decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,135,157 shares of the auto manufacturer’s stock after selling 101,596 shares during the period. Russell Investments Group Ltd. owned 0.32% of General Motors worth $167,041,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Trust Point Inc. increased its stake in General Motors by 2.7% during the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer’s stock valued at $386,000 after acquiring an additional 193 shares during the period. Continuum Advisory LLC raised its stake in shares of General Motors by 7.9% in the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 213 shares in the last quarter. Holistic Planning LLC increased its holdings in General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer’s stock valued at $307,000 after buying an additional 214 shares during the period. Nemes Rush Group LLC raised its stake in General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer’s stock worth $73,000 after acquiring an additional 217 shares in the last quarter. Finally, Norden Group LLC boosted its position in General Motors by 3.0% in the fourth quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer’s stock valued at $421,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

General Motors Trading Down 3.7 %

Shares of GM stock opened at $44.22 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. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The stock has a market cap of $44.00 billion, a P/E ratio of 7.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The stock has a 50 day simple moving average of $48.22 and a 200 day simple moving average of $50.55.

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 (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%. On average, research analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, March 7th. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

Analysts Set New Price Targets

Several equities analysts have issued reports on GM shares. The Goldman Sachs Group set a $73.00 price objective on General Motors in a research report on Saturday, March 1st. Cowen initiated coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a “buy” rating for the company. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Finally, 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 research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.11.

General Motors Company 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.