Farringdon Capital Ltd. Makes New Investment in General Motors (NYSE:GM)

Farringdon Capital Ltd. acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,863 shares of the auto manufacturer's stock, valued at approximately $312,000.

A number of other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 176,436 shares during the period. Norges Bank acquired a new position in shares of General Motors in the 4th quarter valued at $592,321,000. ACR Alpine Capital Research LLC lifted its stake in shares of General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock valued at $394,060,000 after purchasing an additional 2,104,528 shares during the period. Finally, Amundi lifted its stake in shares of General Motors by 75.5% in the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock valued at $250,627,000 after purchasing an additional 2,113,973 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

GM stock traded up $0.93 during trading hours on Thursday, hitting $46.77. 2,937,180 shares of the stock were exchanged, compared to its average volume of 13,888,132. The firm has a market capitalization of $46.53 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 12 month low of $38.96 and a 12 month 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 company has a 50-day simple moving average of $46.92 and a two-hundred day simple moving average of $50.29.

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

General Motors Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.03%. General Motors's dividend payout ratio (DPR) is currently 7.80%.

General Motors declared that its board has approved a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GM shares. Piper Sandler increased their price target on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. UBS Group restated a "neutral" rating and issued a $51.00 price target (down from $64.00) on shares of General Motors in a report on Thursday, April 10th. Citigroup started coverage on General Motors in a research report on Wednesday. They issued a "buy" rating and a $62.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a report on Monday, April 14th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $54.83.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.72% of the stock is currently owned by insiders.

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.