LSV Asset Management lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,628,223 shares of the auto manufacturer’s stock after selling 267,293 shares during the quarter. LSV Asset Management owned approximately 0.82% of General Motors worth $388,964,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of GM. BerganKDV Wealth Management LLC raised its position in General Motors by 21.0% in the fourth quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock valued at $58,000 after purchasing an additional 300 shares during the period. Cornerstone Advisors Inc. raised its position in General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares during the period. Capital Investment Advisors LLC raised its position in General Motors by 2.3% in the fourth quarter. Capital Investment Advisors LLC now owns 15,927 shares of the auto manufacturer’s stock valued at $533,000 after purchasing an additional 361 shares during the period. Unison Advisors LLC raised its position in General Motors by 1.1% in the fourth quarter. Unison Advisors LLC now owns 36,119 shares of the auto manufacturer’s stock valued at $1,208,000 after purchasing an additional 396 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in General Motors by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,624 shares of the auto manufacturer’s stock valued at $1,028,000 after purchasing an additional 419 shares during the period. 77.74% of the stock is currently owned by institutional investors.
GM has been the topic of several research reports. ValuEngine raised General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Citigroup raised their price objective on General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. Nomura dropped coverage on General Motors in a research report on Tuesday, November 6th. Morgan Stanley raised their price objective on General Motors from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $38.00 price objective on shares of General Motors in a research report on Tuesday, November 13th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $46.97.
Shares of General Motors stock opened at $38.48 on Monday. The stock has a market cap of $54.23 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.22. The business had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a return on equity of 23.99% and a net margin of 5.45%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. On average, analysts predict that General Motors will post 6.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.95%. General Motors’s dividend payout ratio (DPR) is 23.24%.
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About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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