Aviva PLC Has $36.06 Million Stake in General Motors (NYSE:GM)

Aviva PLC decreased its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,878 shares of the auto manufacturer's stock after selling 23,471 shares during the quarter. Aviva PLC owned 0.07% of General Motors worth $36,057,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GM. Golden State Wealth Management LLC acquired a new stake in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc bought a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. Duncker Streett & Co. Inc. lifted its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of NYSE GM traded down $0.28 during midday trading on Friday, reaching $43.45. The company's stock had a trading volume of 3,348,932 shares, compared to its average volume of 13,538,105. The company has a market cap of $43.23 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a one year low of $38.96 and a one year high of $61.24. 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 50 day moving average price of $47.46 and a 200 day moving average price of $50.37.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts expect that General Motors will post 11.44 EPS for the current year.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.10%. General Motors's dividend payout ratio (DPR) is 7.80%.

Analysts Set New Price Targets

Several brokerages have weighed in on GM. Sanford C. Bernstein lowered General Motors from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $50.00 to $35.00 in a research report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group reduced their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday. Piper Sandler upped their target price on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price target on the stock. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $59.33.

General Motors Profile

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.