Gotham Asset Management LLC Cuts Holdings in General Motors (NYSE:GM)

Gotham Asset Management LLC lowered its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 396,491 shares of the auto manufacturer's stock after selling 80,484 shares during the quarter. Gotham Asset Management LLC's holdings in General Motors were worth $21,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Trust Point Inc. boosted its holdings in shares of General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares during the last quarter. Holistic Planning LLC lifted its position in shares of General Motors by 3.9% during the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after purchasing an additional 214 shares in the last quarter. Nemes Rush Group LLC boosted its position in General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after buying an additional 217 shares during the last quarter. Operose Advisors LLC boosted its stake in shares of General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after buying an additional 223 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

NYSE GM traded up $0.13 during trading on Tuesday, reaching $49.74. The company's stock had a trading volume of 1,300,939 shares, compared to its average volume of 13,398,893. The firm has a 50 day moving average price of $46.65 and a 200 day moving average price of $50.04. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. 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 issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 EPS. As a group, equities analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is presently 8.65%.

General Motors declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GM shares. Wedbush dropped their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Barclays lifted their price target on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. UBS Group dropped their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $54.28.

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.