Sivia Capital Partners LLC Takes $540,000 Position in General Motors (NYSE:GM)

Sivia Capital Partners LLC bought a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,490 shares of the auto manufacturer's stock, valued at approximately $540,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in General Motors by 28.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 57,275 shares of the auto manufacturer's stock valued at $3,051,000 after buying an additional 12,612 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of General Motors by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 18,434 shares of the auto manufacturer's stock worth $982,000 after buying an additional 408 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of General Motors during the 4th quarter worth approximately $175,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of General Motors in the 4th quarter valued at $783,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GM. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research report on Monday, May 5th. Citigroup started coverage on General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target for the company. Barclays increased their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. The Goldman Sachs Group reduced their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $54.56.

General Motors Stock Performance

Shares of General Motors stock traded up $0.91 during trading hours on Wednesday, reaching $49.84. The company had a trading volume of 8,144,260 shares, compared to its average volume of 13,089,550. The firm has a market cap of $47.92 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. General Motors has a one year low of $38.96 and a one year 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 business has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $49.22.

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, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for 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 firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.62 EPS. On average, analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.20%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

General Motors declared that its Board of Directors has approved a stock buyback 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 shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are 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.