AQR Capital Management LLC Boosts Holdings in General Motors (NYSE:GM)

AQR Capital Management LLC grew its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,457,515 shares of the auto manufacturer's stock after purchasing an additional 19,174 shares during the quarter. AQR Capital Management LLC owned about 0.55% of General Motors worth $290,722,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GM. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in General Motors during the fourth quarter worth $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the fourth quarter worth $27,000. Duncker Streett & Co. Inc. grew its stake in shares of 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 in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GM has been the topic of several research reports. Piper Sandler increased their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. TD Cowen initiated coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Monday, April 14th. Citigroup assumed coverage on General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price on the stock. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $54.83.

General Motors Stock Performance

NYSE:GM traded down $0.21 during mid-day trading on Thursday, reaching $45.03. 15,872,960 shares of the stock were exchanged, compared to its average volume of 13,419,013. The company has a 50 day simple moving average of $46.79 and a 200-day simple moving average of $50.25. The stock has a market capitalization of $43.51 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 1.13 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter last year, the business posted $2.62 EPS. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be paid a $0.15 dividend. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is 7.80%.

General Motors declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is 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.