Tower Research Capital LLC TRC Boosts Stock Position in General Motors (NYSE:GM)

Tower Research Capital LLC TRC boosted its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,158 shares of the auto manufacturer's stock after purchasing an additional 14,256 shares during the period. Tower Research Capital LLC TRC's holdings in General Motors were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc bought a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. raised its stake in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GM. Piper Sandler raised their price objective on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a research report on Monday, April 14th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $50.00 to $35.00 in a report on Monday, April 7th. Finally, Barclays downgraded General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $54.83.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is owned by company insiders.

General Motors Stock Performance

Shares of NYSE:GM traded up $0.23 during trading on Friday, hitting $47.11. The stock had a trading volume of 8,103,590 shares, compared to its average volume of 13,341,338. The stock has a 50-day simple moving average of $46.87 and a two-hundred day simple moving average of $50.34. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $46.87 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is currently 7.80%.

General Motors announced that its board has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

General Motors Company 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.