General Motors (NYSE:GM) Stake Boosted by Caxton Associates LP

Caxton Associates LP lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 1,514.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,755,334 shares of the auto manufacturer’s stock after purchasing an additional 1,646,594 shares during the period. General Motors accounts for about 3.2% of Caxton Associates LP’s investment portfolio, making the stock its 5th biggest holding. Caxton Associates LP owned approximately 0.15% of General Motors worth $63,052,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GM. Norges Bank bought a new stake in General Motors during the fourth quarter worth about $602,280,000. Acadian Asset Management LLC lifted its position in shares of General Motors by 454.3% during the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after purchasing an additional 4,275,293 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of General Motors by 21.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after purchasing an additional 3,247,050 shares in the last quarter. Putnam Investments LLC lifted its position in shares of General Motors by 16.8% during the fourth quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after purchasing an additional 2,905,689 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in General Motors by 32.6% in the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after purchasing an additional 2,049,412 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 626,316 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the sale, the chief executive officer now owns 1,198,648 shares in the company, valued at $52,093,242.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Christopher Hatto sold 6,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $42.01, for a total value of $252,060.00. Following the transaction, the chief accounting officer now owns 15,507 shares of the company’s stock, valued at $651,449.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total value of $27,219,693.36. Following the transaction, the chief executive officer now directly owns 1,198,648 shares in the company, valued at $52,093,242.08. The disclosure for this sale can be found here. Insiders sold a total of 818,038 shares of company stock worth $35,592,299 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GM. Barclays increased their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Citigroup increased their price objective on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Finally, Sanford C. Bernstein began coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.65.

General Motors Price Performance

Shares of General Motors stock traded up $0.56 during midday trading on Tuesday, hitting $48.13. 14,096,700 shares of the company traded hands, compared to its average volume of 16,090,229. The stock has a market cap of $54.91 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 0.53 and a beta of 1.46. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The firm’s fifty day moving average price is $44.58 and its 200-day moving average price is $39.95. General Motors has a 12 month low of $26.30 and a 12 month high of $48.95.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.21 EPS. As a group, sell-side analysts forecast that General Motors will post 9.4 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s payout ratio is 5.87%.

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.