General Motors (NYSE:GM) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,412 shares of the auto manufacturer's stock after acquiring an additional 19,253 shares during the quarter. Quantinno Capital Management LP's holdings in General Motors were worth $5,083,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in General Motors during the fourth quarter worth approximately $592,321,000. Amundi increased its holdings in shares of General Motors by 75.5% during the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after buying an additional 2,113,973 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of General Motors by 39.8% during the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after buying an additional 2,104,528 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of General Motors in the 4th quarter worth $108,366,000. Finally, National Bank of Canada FI boosted its holdings in General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after acquiring an additional 1,180,936 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on GM. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday. Mizuho lifted their price target on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. dropped their price objective 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $54.56.

General Motors Stock Down 1.2%

NYSE GM traded down $0.60 during mid-day trading on Friday, reaching $48.68. 1,469,734 shares of the company's stock traded hands, compared to its average volume of 13,292,542. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a fifty day simple moving average of $46.98 and a 200-day simple moving average of $49.98. The company has a market cap of $46.80 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion during the quarter, compared to analysts' expectations 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 posted $2.62 EPS. As a group, equities research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is presently 8.65%.

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

About General Motors

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.