Lmcg Investments LLC Has $2.88 Million Stock Position in General Motors (NYSE:GM)

Lmcg Investments LLC decreased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 58.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,293 shares of the auto manufacturer's stock after selling 87,840 shares during the quarter. Lmcg Investments LLC's holdings in General Motors were worth $2,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GM. Trust Point Inc. lifted its holdings in shares of General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares in the last quarter. Nemes Rush Group LLC lifted its stake in shares of General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares in the last quarter. Operose Advisors LLC increased its position in shares of General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Bessemer Group Inc. increased its holdings in General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares in the last quarter. Finally, Norden Group LLC raised its holdings in shares of General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock valued at $421,000 after buying an additional 229 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GM. Wedbush cut their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Citigroup assumed coverage on shares of General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price for the company. 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, Royal Bank of Canada boosted their target price on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $54.56.

General Motors Stock Up 1.0%

General Motors stock traded up $0.47 during mid-day trading on Monday, hitting $47.94. The company's stock had a trading volume of 6,466,691 shares, compared to its average volume of 13,143,479. The company has a market cap of $46.09 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. 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 firm's 50 day moving average is $46.80 and its 200 day moving average is $49.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) 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 firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

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

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is 8.65%.

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.