698,221 Shares in General Motors (NYSE:GM) Bought by Junto Capital Management LP

Junto Capital Management LP purchased a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 698,221 shares of the auto manufacturer's stock, valued at approximately $37,194,000. Junto Capital Management LP owned approximately 0.07% of General Motors at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GM. Principal Financial Group Inc. raised its holdings in General Motors by 1.1% during the third quarter. Principal Financial Group Inc. now owns 1,268,096 shares of the auto manufacturer's stock worth $56,861,000 after buying an additional 13,206 shares during the last quarter. Hilltop National Bank increased its position in shares of General Motors by 6.9% during the fourth quarter. Hilltop National Bank now owns 3,876 shares of the auto manufacturer's stock worth $206,000 after acquiring an additional 249 shares in the last quarter. Czech National Bank raised its holdings in shares of General Motors by 4.1% in the 4th quarter. Czech National Bank now owns 238,415 shares of the auto manufacturer's stock worth $12,700,000 after acquiring an additional 9,461 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of General Motors by 12.2% in the 4th quarter. Wedmont Private Capital now owns 9,968 shares of the auto manufacturer's stock worth $497,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Cooper Financial Group boosted its stake in General Motors by 15.6% during the 4th quarter. Cooper Financial Group now owns 11,967 shares of the auto manufacturer's stock valued at $637,000 after purchasing an additional 1,615 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

NYSE GM opened at $47.51 on Friday. The company has a market cap of $45.68 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm's 50-day simple moving average is $46.63 and its two-hundred day simple moving average is $50.08. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same period last year, the firm earned $2.62 EPS. General Motors's revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's payout ratio is presently 8.65%.

General Motors declared that its board has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. 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 research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a report on Monday, April 14th. UBS Group lowered their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler boosted their price target on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $54.28.

About General Motors

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.

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