Jump Financial LLC Sells 276,261 Shares of General Motors (NYSE:GM)

Jump Financial LLC reduced its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 95.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,672 shares of the auto manufacturer's stock after selling 276,261 shares during the period. Jump Financial LLC's holdings in General Motors were worth $728,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of General Motors in the fourth quarter worth about $592,321,000. Amundi raised its stake in shares of General Motors by 75.5% in the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after acquiring an additional 2,113,973 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in shares of General Motors by 39.8% in the fourth quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after acquiring an additional 2,104,528 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of General Motors in the fourth quarter worth about $108,366,000. Finally, National Bank of Canada FI raised its stake in shares of General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock worth $178,593,000 after acquiring an additional 1,180,936 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $51.00 target price (down from $64.00) on shares of General Motors in a research note on Thursday, April 10th. TD Cowen began coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Sanford C. Bernstein cut shares of 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 research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, General Motors presently has a consensus rating of "Hold" and an average target price of $54.83.

General Motors Trading Up 0.1 %

Shares of GM stock traded up $0.07 during mid-day trading on Monday, reaching $47.18. 15,243,758 shares of the stock traded hands, compared to its average volume of 13,349,051. The stock's fifty day simple moving average is $46.86 and its two-hundred day simple moving average is $50.33. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market cap of $46.94 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth 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 (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has authorized a share buyback program 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 programs are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

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

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.