Caxton Associates LP Lowers Holdings in General Motors (NYSE:GM)

Caxton Associates LP cut its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 53.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,062 shares of the auto manufacturer's stock after selling 34,035 shares during the period. Caxton Associates LP's holdings in General Motors were worth $1,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after buying an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of General Motors by 0.7% in 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 acquiring an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of General Motors by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after acquiring an additional 228,408 shares in the last quarter. Norges Bank acquired a new position in General Motors in the fourth quarter valued at approximately $592,321,000. Finally, Northern Trust Corp increased its stake 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 valued at $582,251,000 after purchasing an additional 822,454 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GM shares. Cowen started coverage on shares of General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. UBS Group dropped their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $54.28.

General Motors Price Performance

Shares of General Motors stock traded up $1.86 during trading on Thursday, hitting $47.33. 14,498,346 shares of the company were exchanged, compared to its average volume of 13,428,434. The firm has a 50 day moving average price of $46.58 and a 200 day moving average price of $50.14. The stock has a market capitalization of $45.73 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 0.67 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.15. The business 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 was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.62 earnings per share. On average, equities analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

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.