Two Sigma Investments LP Cuts Stake in General Motors (NYSE:GM)

Two Sigma Investments LP cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 38.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,200 shares of the auto manufacturer's stock after selling 24,900 shares during the quarter. Two Sigma Investments LP's holdings in General Motors were worth $2,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust purchased a new position in General Motors during the 4th quarter worth $26,000. Compass Planning Associates Inc acquired a new position in General Motors during the 4th quarter valued at about $27,000. Duncker Streett & Co. Inc. raised its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of several research analyst reports. Cowen assumed coverage on shares of General Motors in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Mizuho raised their price target on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Royal Bank of Canada boosted their price objective on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Sanford C. Bernstein set a $36.00 target price on General Motors in a research note on Monday, May 5th. Finally, UBS Group lowered their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and an average price target of $54.56.

General Motors Stock Performance

NYSE GM traded down $0.45 during mid-day trading on Thursday, reaching $47.22. 10,095,226 shares of the stock were exchanged, compared to its average volume of 13,169,719. The company has a market capitalization of $45.40 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The business's 50 day moving average is $46.79 and its 200-day moving average is $49.49. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.62 EPS. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio is presently 8.65%.

General Motors announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

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.