Aristotle Atlantic Partners LLC Sells 21,023 Shares of General Motors (NYSE:GM)

Aristotle Atlantic Partners LLC decreased its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,595 shares of the auto manufacturer's stock after selling 21,023 shares during the quarter. Aristotle Atlantic Partners LLC's holdings in General Motors were worth $17,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after buying an additional 1,510 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in General Motors during the fourth quarter worth $25,404,000. SYM FINANCIAL Corp purchased a new position in General Motors in the fourth quarter worth $474,000. Asset Management One Co. Ltd. grew its stake in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock valued at $25,178,000 after purchasing an additional 39,474 shares during the period. Finally, Avantra Family Wealth Inc. purchased a new stake in shares of General Motors during the 4th quarter valued at $1,044,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Up 0.5 %

Shares of General Motors stock opened at $45.27 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The firm has a market cap of $43.74 billion, a PE ratio of 7.36, a PEG ratio of 0.67 and a beta of 1.27. The company has a 50 day simple moving average of $46.76 and a two-hundred day simple moving average of $50.23.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $2.62 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. General Motors's dividend payout ratio is 7.80%.

Analysts Set New Price Targets

Several analysts have commented on GM shares. Citigroup began coverage on shares of General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective on the stock. UBS Group decreased their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday. Wedbush cut their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday. TD Cowen assumed coverage on shares of General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a research note on Monday, April 14th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, General Motors presently has a consensus rating of "Hold" and a consensus target price of $53.94.

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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