General Motors (NYSE:GM) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,400 shares of the auto manufacturer's stock after selling 17,600 shares during the quarter. Bridgeway Capital Management LLC's holdings in General Motors were worth $5,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the 4th quarter worth $27,000. Whittier Trust Co. increased its position in 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 purchasing an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GM has been the topic of several research analyst reports. Barclays boosted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group lowered their price target on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Four investment 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 stock. Based on data from MarketBeat, General Motors presently has an average rating of "Hold" and a consensus price target of $54.28.

General Motors Price Performance

Shares of NYSE:GM traded up $0.16 on Friday, reaching $47.51. 8,581,366 shares of the company were exchanged, compared to its average volume of 13,447,485. General Motors has a 1-year low of $38.96 and a 1-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 firm has a market cap of $45.68 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The company has a 50-day moving average of $46.63 and a 200-day moving average of $50.08.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results 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. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter last year, the business posted $2.62 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is currently 8.65%.

General Motors announced that its board has initiated a stock repurchase 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 buy up to 12.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.