General Motors (NYSE:GM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 384,841 shares of the auto manufacturer’s stock after selling 8,281 shares during the period. Janus Henderson Group PLC’s holdings in General Motors were worth $20,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GM. Wedmont Private Capital lifted its holdings in shares of General Motors by 12.2% in the 4th quarter. Wedmont Private Capital now owns 9,968 shares of the auto manufacturer’s stock worth $497,000 after acquiring an additional 1,082 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of General Motors by 113.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 10,459 shares of the auto manufacturer’s stock worth $557,000 after acquiring an additional 5,549 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of General Motors by 23.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 704,922 shares of the auto manufacturer’s stock worth $37,551,000 after acquiring an additional 135,289 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of General Motors by 23.9% in the 4th quarter. Park Avenue Securities LLC now owns 47,849 shares of the auto manufacturer’s stock worth $2,549,000 after acquiring an additional 9,231 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC acquired a new position in shares of General Motors in the 4th quarter worth approximately $205,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GM has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of General Motors from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. TD Cowen initiated coverage on shares of General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 price objective on the stock. Cowen initiated coverage on shares of General Motors in a research note on Thursday, March 6th. They set a “buy” rating on the stock. UBS Group cut their target price on shares of General Motors from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, Barclays upped their target price on shares of General Motors from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, General Motors has an average rating of “Hold” and a consensus price target of $54.28.

General Motors Stock Down 0.5%

Shares of NYSE:GM opened at $50.05 on Friday. The stock has a market cap of $48.12 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.67 and a beta of 1.36. The firm has a fifty day moving average price of $46.81 and a 200 day moving average price of $50.03. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analysts’ expectations of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.62 EPS. Sell-side analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors announced that its board has approved a stock buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. This is a boost from General Motors’s previous quarterly dividend of $0.12. General Motors’s dividend payout ratio is currently 8.65%.

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.