National Pension Service Boosts Stake in General Motors (NYSE:GM)

National Pension Service increased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,043,763 shares of the auto manufacturer’s stock after buying an additional 57,229 shares during the quarter. National Pension Service’s holdings in General Motors were worth $109,332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in GM. Acadian Asset Management LLC boosted its holdings in shares of General Motors by 454.3% in the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after acquiring an additional 4,275,293 shares during the period. AQR Capital Management LLC raised its position in General Motors by 32.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock valued at $274,531,000 after purchasing an additional 2,049,412 shares during the last quarter. Vanguard Group Inc. raised its position in General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the last quarter. EP Wealth Advisors LLC grew its position in General Motors by 518.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock worth $42,023,000 after purchasing an additional 1,068,474 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in General Motors by 175.2% in the third quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock valued at $53,262,000 after purchasing an additional 1,028,508 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GM. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company increased their price objective on General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. Redburn Atlantic started coverage on General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price on the stock. Morgan Stanley raised their target price on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.65.

General Motors Price Performance

Shares of NYSE:GM traded down $0.23 on Wednesday, hitting $45.06. The company had a trading volume of 7,560,657 shares, compared to its average volume of 16,908,910. The company has a market cap of $51.41 billion, a PE ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.49. The business has a 50 day moving average of $43.05 and a 200 day moving average of $37.11. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

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. The company 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 EPS. As a group, equities analysts anticipate that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders 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 yield of 1.07%. General Motors’s payout ratio is currently 5.87%.

Insider Buying and Selling at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. In the last three months, insiders sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.72% of the company’s stock.

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.