2 weeks Ago By ABMN Staff
LPL Financial LLC boosted its stake in shares of General Motors ( NYSE:GM – Free Report ) (TSE:GMM.U) by 8.5% in the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 640,491 shares of the auto manufacturer’s stock after purchasing an additional 50,031 shares during the period. LPL Financial LLC’s holdings in General Motors were worth $34,119,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in General Motors in the fourth quarter worth $28,298,000. Knights of Columbus Asset Advisors LLC increased its holdings in General Motors by 1.
9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 189,240 shares of the auto manufacturer’s stock worth $10,081,000 after acquiring an additional 3,579 shares during the last quarter. Hillsdale Investment Management Inc.
increased its holdings in General Motors by 4.4% in the 4th quarter. Hillsdale Investment Management Inc.
now owns 16,750 shares of the auto manufacturer’s stock worth $892,000 after acquiring an additional 700 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new stake in General Motors in the 4th quarter valued at about $46,000.
Finally, Mizuho Securities USA LLC lifted its holdings in General Motors by 43.0% during the fourth quarter. Mizuho Securities USA LLC now owns 104,217 shares of the auto manufacturer’s stock valued at $5,552,000 after purchasing an additional 31,337 shares during the last quarter.
Hedge funds and other institutional investors own 92.67% of the company’s stock. Insider Transactions at General Motors In other General Motors news, Director Alfred F.
Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $50.
66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at $694,751.
24. This trade represents a 700.12 % increase in their ownership of the stock.
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Company insiders own 0.72% of the company’s stock.
General Motors Stock Down 1.2 % General Motors ( NYSE:GM – Get Free Report ) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th.
The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.
17. General Motors had a return on equity of 15.29% and a net margin of 3.
21%. As a group, research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.
General Motors declared that its board has approved a stock buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.
5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued. General Motors Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th.
Shareholders of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.
48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, March 7th.
General Motors’s dividend payout ratio (DPR) is presently 7.80%. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on GM.
Piper Sandler boosted their price target on shares of General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th.
Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $46.00 to $54.00 in a report on Tuesday, December 10th.
TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 price target for the company.
StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co.
dropped their price objective on General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday.
Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.
11. Get Our Latest Research Report on General Motors General Motors Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors ( NYSE:GM – Free Report ) (TSE:GMM.
U). Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter .
.
