Natixis Purchases 137,069 Shares of General Motors (NYSE:GM)

Natixis raised its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 112.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,982 shares of the auto manufacturer's stock after purchasing an additional 137,069 shares during the period. Natixis' holdings in General Motors were worth $13,796,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Virtu Financial LLC increased its holdings in shares of General Motors by 770.3% in the 3rd quarter. Virtu Financial LLC now owns 99,054 shares of the auto manufacturer's stock worth $4,442,000 after acquiring an additional 87,672 shares during the period. Te Ahumairangi Investment Management Ltd grew its holdings in General Motors by 6.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 100,708 shares of the auto manufacturer's stock worth $4,490,000 after buying an additional 6,200 shares in the last quarter. World Investment Advisors LLC acquired a new position in General Motors during the 3rd quarter worth $237,000. Wilmington Savings Fund Society FSB bought a new stake in shares of General Motors in the 3rd quarter worth $1,907,000. Finally, Tidal Investments LLC raised its position in General Motors by 44.7% in the third quarter. Tidal Investments LLC now owns 65,389 shares of the auto manufacturer's stock worth $2,932,000 after acquiring an additional 20,206 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded up $0.19 during mid-day trading on Friday, hitting $47.07. The company had a trading volume of 4,646,291 shares, compared to its average volume of 13,329,936. The business's 50-day simple moving average is $46.89 and its 200-day simple moving average is $50.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The firm has a market cap of $46.84 billion, a P/E ratio of 7.65, a PEG ratio of 0.67 and a beta of 1.27.

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

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.02%. General Motors's dividend payout ratio (DPR) is 7.80%.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. The Goldman Sachs Group decreased their price target on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. TD Cowen started coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price 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. Finally, UBS Group reaffirmed a "neutral" rating and issued a $51.00 price objective (down previously from $64.00) on shares of General Motors in a research note on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and a consensus price target of $54.83.

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.