General Motors (NYSE:GM) Shares Acquired by Capula Management Ltd

Capula Management Ltd boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 104.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,539 shares of the auto manufacturer’s stock after acquiring an additional 2,835 shares during the period. Capula Management Ltd’s holdings in General Motors were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in GM. Orion Portfolio Solutions LLC boosted its position in General Motors by 6.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 63,342 shares of the auto manufacturer’s stock valued at $2,840,000 after buying an additional 3,964 shares during the period. MML Investors Services LLC lifted its position in shares of General Motors by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 139,000 shares of the auto manufacturer’s stock worth $6,233,000 after purchasing an additional 4,023 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of General Motors by 17.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 437,352 shares of the auto manufacturer’s stock worth $19,611,000 after acquiring an additional 65,971 shares in the last quarter. LRI Investments LLC increased its holdings in shares of General Motors by 336.9% in the 3rd quarter. LRI Investments LLC now owns 14,134 shares of the auto manufacturer’s stock valued at $634,000 after acquiring an additional 10,899 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 213 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on GM shares. Sanford C. Bernstein cut General Motors from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $50.00 to $35.00 in a research report on Monday. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group reissued a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Mizuho increased their price target on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, TD Cowen started coverage on shares of General Motors in a report on Friday, March 7th. They set a “buy” rating and a $105.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.00.

General Motors Stock Down 1.4 %

GM opened at $43.55 on Tuesday. 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 stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The business has a 50-day moving average of $47.99 and a two-hundred day moving average of $50.55.

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 return on equity of 15.29% and a net margin of 3.21%. On average, research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.10%. General Motors’s dividend payout ratio is presently 7.80%.

General Motors declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the 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 transaction, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company 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.