Brevan Howard Capital Management LP Purchases 88,509 Shares of General Motors (NYSE:GM)

Brevan Howard Capital Management LP raised its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 70.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 214,596 shares of the auto manufacturer's stock after buying an additional 88,509 shares during the quarter. Brevan Howard Capital Management LP's holdings in General Motors were worth $11,432,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new position in General Motors in the fourth quarter valued at $27,000. Whittier Trust Co. grew its position in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised 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 valued at $27,000 after purchasing an additional 498 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Up 0.1 %

GM stock traded up $0.03 during midday trading on Wednesday, hitting $45.49. The company's stock had a trading volume of 8,343,552 shares, compared to its average volume of 13,400,708. The stock has a market capitalization of $43.95 billion, a P/E ratio of 7.40, a PEG ratio of 0.67 and a beta of 1.36. The company's fifty day moving average price is $46.58 and its 200 day moving average price is $50.15. 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 twelve month low of $38.96 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results 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 business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter in the previous year, the firm posted $2.62 EPS. General Motors's revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

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

General Motors Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.32%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is currently 8.65%.

Analyst Upgrades and Downgrades

Several research analysts have commented on GM shares. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Piper Sandler increased their price objective on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Cowen started coverage on General Motors in a research note on Thursday, March 6th. They set a "buy" rating on the stock. TD Cowen began coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 target price for the company. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.