Baird Financial Group Inc. Has $2.20 Million Holdings in General Motors (NYSE:GM)

Baird Financial Group Inc. trimmed its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,342 shares of the auto manufacturer's stock after selling 5,779 shares during the quarter. Baird Financial Group Inc.'s holdings in General Motors were worth $2,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after acquiring an additional 1,510 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in General Motors during the fourth quarter valued at approximately $25,404,000. SYM FINANCIAL Corp bought a new position in General Motors during the 4th quarter worth approximately $474,000. Asset Management One Co. Ltd. increased its holdings in shares of 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 acquiring an additional 39,474 shares during the last quarter. Finally, Avantra Family Wealth Inc. bought a new position in General Motors during the fourth quarter worth $1,044,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE GM traded down $0.26 during mid-day trading on Thursday, reaching $50.05. The company had a trading volume of 7,218,953 shares, compared to its average volume of 13,400,497. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a market cap of $48.12 billion, a PE ratio of 8.14, a P/E/G ratio of 0.67 and a beta of 1.36. 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 $46.77 and a two-hundred day moving average price of $50.05.

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 the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.62 EPS. On average, equities analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

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 paid a $0.15 dividend. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio is currently 8.65%.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Mizuho dropped their target price on General Motors from $55.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank of Canada upped their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $54.28.

General Motors Company 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.