Sterling Capital Management LLC Has $3.63 Million Stock Position in General Motors (NYSE:GM)

Sterling Capital Management LLC trimmed its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,146 shares of the auto manufacturer's stock after selling 9,394 shares during the period. Sterling Capital Management LLC's holdings in General Motors were worth $3,630,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter worth about $26,000. Compass Planning Associates Inc acquired a new stake in General Motors in the 4th quarter valued at about $27,000. Whittier Trust Co. grew its stake 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 worth $27,000 after purchasing an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Up 0.7 %

NYSE GM traded up $0.33 during trading on Friday, reaching $44.55. The company's stock had a trading volume of 11,706,110 shares, compared to its average volume of 13,563,096. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $44.32 billion, a PE ratio of 7.24, a PEG ratio of 0.67 and a beta of 1.27. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The business has a 50-day moving average price of $47.14 and a 200-day moving average price of $50.29.

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

General Motors Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.08%. General Motors's dividend payout ratio is presently 7.80%.

General Motors announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GM. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a report on Monday. TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 target price for the company. JPMorgan Chase & Co. dropped their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Barclays lowered shares of General Motors from an "overweight" rating to a "negative" rating in a research note on Tuesday. Finally, Cowen began coverage on shares of General Motors in a report on Thursday, March 6th. They set a "buy" rating on the stock. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and an average target price of $56.72.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company's stock.

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.