MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.41 Million Stake in General Motors (NYSE:GM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 289,229 shares of the auto manufacturer's stock after selling 21,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in General Motors were worth $15,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Trust Point Inc. boosted its stake in General Motors by 2.7% in the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after purchasing an additional 193 shares during the period. Holistic Planning LLC boosted 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 buying an additional 214 shares during the period. Nemes Rush Group LLC grew its holdings in shares of General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after buying an additional 217 shares in the last quarter. Operose Advisors LLC raised its position in General Motors by 18.7% in 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 stake in shares of 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. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

Shares of NYSE GM traded down $0.40 during trading hours on Monday, reaching $49.97. 9,405,505 shares of the stock were exchanged, compared to its average volume of 13,380,912. The firm has a market capitalization of $48.04 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.67 and a beta of 1.36. The stock's fifty day simple moving average is $46.85 and its 200 day simple moving average is $50.00. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data 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 analysts' expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.62 EPS. Sell-side analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

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

General Motors announced that its board has authorized a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

GM has been the subject of a number of analyst reports. StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Sanford C. Bernstein set a $36.00 target price on General Motors in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective 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. Finally, 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 report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of "Hold" and a consensus price target 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.