Janus Henderson Group PLC Has $20.50 Million Stock Position in General Motors (NYSE:GM)

Janus Henderson Group PLC decreased its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,841 shares of the auto manufacturer's stock after selling 8,281 shares during the period. Janus Henderson Group PLC's holdings in General Motors were worth $20,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in GM. Trust Point Inc. lifted its stake 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 raised its stake in shares of General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after acquiring an additional 214 shares in the last quarter. Nemes Rush Group LLC lifted its holdings 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 worth $73,000 after purchasing an additional 217 shares during the last quarter. Operose Advisors LLC boosted its position in General Motors by 18.7% during the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares during the period. Finally, Bessemer Group Inc. increased its stake in General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Down 0.8%

GM stock traded down $0.40 during midday trading on Monday, hitting $49.97. The company's stock had a trading volume of 9,405,505 shares, compared to its average volume of 13,380,912. The company's fifty day moving average price is $46.85 and its 200 day moving average price is $50.00. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market capitalization of $48.04 billion, a P/E ratio of 8.13, a PEG ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.15. The firm 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 business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.62 EPS. As a group, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's payout ratio is 8.65%.

General Motors announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group decreased 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. Barclays boosted their target price on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, TD Cowen began coverage on shares of General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Motors presently has an average rating of "Hold" and a consensus target price of $54.56.

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.