Mufg Securities Americas Inc. Makes New Investment in General Motors (NYSE:GM)

Mufg Securities Americas Inc. purchased a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 16,232 shares of the auto manufacturer's stock, valued at approximately $865,000.

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

General Motors Trading Up 0.5%

Shares of NYSE:GM traded up $0.24 during midday trading on Friday, reaching $50.36. The company's stock had a trading volume of 6,097,005 shares, compared to its average volume of 13,396,882. The firm has a market cap of $48.42 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. 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 1 year low of $38.96 and a 1 year high of $61.24. The business has a 50 day moving average price of $46.85 and a 200 day moving average price of $50.01.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter in the previous year, the business earned $2.62 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts forecast that General Motors will post 11.44 EPS for the current year.

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

General Motors Increases Dividend

The company also recently declared 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 1.19%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is 8.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cowen assumed coverage on General Motors in a report on Thursday, March 6th. They set a "buy" rating for the company. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group reduced their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wedbush reduced their price objective on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, UBS Group dropped their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus price target of $54.56.

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.