Aspire Growth Partners LLC Makes New $508,000 Investment in General Motors (NYSE:GM)

Aspire Growth Partners LLC bought a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,531 shares of the auto manufacturer's stock, valued at approximately $508,000.

Several other large investors have also bought and sold shares of the stock. Franklin Resources Inc. grew its stake in General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the period. Geode Capital Management LLC grew its position in shares of General Motors by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after purchasing an additional 176,436 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of General Motors by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock valued at $749,382,000 after acquiring an additional 228,408 shares in the last quarter. Norges Bank purchased a new stake in General Motors in the fourth quarter valued at approximately $592,321,000. Finally, Northern Trust Corp grew its position in General Motors by 8.1% in the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after acquiring an additional 822,454 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

General Motors stock traded up $0.07 during mid-day trading on Tuesday, hitting $45.45. The company had a trading volume of 9,631,551 shares, compared to its average volume of 13,402,250. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $43.92 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 0.67 and a beta of 1.36. The company's fifty day moving average is $46.70 and its 200-day moving average is $50.22. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24.

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

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

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.32%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's dividend payout ratio is presently 8.65%.

Analyst Ratings Changes

GM has been the topic of several research reports. Mizuho decreased their price target on shares of General Motors from $55.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday. Cowen initiated coverage on General Motors in a research note on Thursday, March 6th. They issued a "buy" rating on the stock. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wedbush dropped their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday. Finally, UBS Group cut their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $54.22.

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.