Dymon Asia Capital Singapore PTE. LTD. Takes Position in General Motors (NYSE:GM)

Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,450 shares of the auto manufacturer's stock, valued at approximately $1,089,000. General Motors accounts for 0.3% of Dymon Asia Capital Singapore PTE. LTD.'s holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Blue Trust Inc. lifted its stake in shares of General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after buying an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in General Motors in the fourth quarter valued at about $474,000. Asset Management One Co. Ltd. boosted 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. Avantra Family Wealth Inc. acquired a new position in General Motors in the 4th quarter worth about $1,044,000. Finally, Handelsbanken Fonder AB grew its stake in General Motors by 10.9% in the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after acquiring an additional 19,924 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GM. Piper Sandler boosted their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Barclays cut shares of General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $50.00 to $35.00 in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, TD Cowen started coverage on shares of General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $56.72.

General Motors Trading Up 0.7 %

NYSE GM traded up $0.33 during trading hours on Wednesday, reaching $44.87. The company's stock had a trading volume of 3,847,488 shares, compared to its average volume of 13,531,550. The firm has a fifty day simple moving average of $47.24 and a 200-day simple moving average of $50.34. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market cap of $44.65 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. General Motors's payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.72% of the company's stock.

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.