LSV Asset Management Trims Stock Position in General Motors (NYSE:GM)

LSV Asset Management lowered its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,067,962 shares of the auto manufacturer's stock after selling 680,918 shares during the period. General Motors makes up 1.0% of LSV Asset Management's holdings, making the stock its 16th biggest holding. LSV Asset Management owned 0.81% of General Motors worth $429,780,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

GM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday. Barclays lowered shares of General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday. The Goldman Sachs Group decreased their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Mizuho cut their price target on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Finally, TD Cowen assumed coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price target for the company. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $56.72.

General Motors Stock Performance

GM traded down $0.84 during trading on Tuesday, hitting $44.30. 4,605,132 shares of the company traded hands, compared to its average volume of 13,548,627. The firm has a market cap of $44.08 billion, a P/E ratio of 7.20, 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 has a one year low of $38.96 and a one year high of $61.24. The stock's fifty day moving average is $47.31 and its 200 day moving average is $50.38.

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

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.08%. General Motors's dividend payout ratio is presently 7.80%.

General Motors announced that its board has initiated a share 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 repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction that occurred 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 purchase, the director now owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

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.