General Motors (NYSE:GM) Shares Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 88.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,830 shares of the auto manufacturer’s stock after acquiring an additional 1,330 shares during the period. Mizuho Securities Co. Ltd.’s holdings in General Motors were worth $102,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its stake in shares of General Motors by 361.1% in the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock worth $4,300,000 after acquiring an additional 93,754 shares during the period. Foundry Partners LLC lifted its stake in shares of General Motors by 15.0% in the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock valued at $12,992,000 after purchasing an additional 51,336 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of General Motors by 10.5% in the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after purchasing an additional 14,002 shares during the period. AM Squared Ltd lifted its stake in shares of General Motors by 195.0% in the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock valued at $1,483,000 after purchasing an additional 27,300 shares during the period. Finally, Strs Ohio lifted its stake in shares of General Motors by 7.7% in the fourth quarter. Strs Ohio now owns 1,532,997 shares of the auto manufacturer’s stock valued at $55,065,000 after purchasing an additional 109,760 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday. Tigress Financial raised their price objective on shares of General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 15th. Mizuho raised their target price on shares of General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Royal Bank of Canada raised their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.52.

General Motors Trading Up 4.4 %

Shares of NYSE GM traded up $1.89 during midday trading on Tuesday, reaching $45.10. 28,608,554 shares of the stock were exchanged, compared to its average volume of 17,589,910. The company has a market capitalization of $52.06 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average price of $41.86 and a 200-day moving average price of $36.06.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. General Motors’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts expect that General Motors will post 9.12 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, June 20th. Investors of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. General Motors’s payout ratio is 6.57%.

Insider Activity at General Motors

In related news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by company insiders.

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.