Ninety One SA PTY Ltd Takes Position in General Motors (NYSE:GM)

Ninety One SA PTY Ltd bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 546,211 shares of the auto manufacturer's stock, valued at approximately $19,620,000. General Motors comprises approximately 3.0% of Ninety One SA PTY Ltd's portfolio, making the stock its 9th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in GM. SouthState Corp increased its position in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer's stock valued at $26,000 after acquiring an additional 283 shares during the period. Highlander Capital Management LLC purchased a new stake in General Motors during the 4th quarter valued at about $27,000. BluePath Capital Management LLC purchased a new stake in General Motors during the 3rd quarter valued at about $33,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in General Motors during the 4th quarter valued at about $36,000. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GM shares. Barclays increased their target price on General Motors from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Wolfe Research upgraded General Motors from a "peer perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a report on Thursday, January 4th. Wedbush increased their price objective on General Motors from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, January 31st. Mizuho increased their price objective on General Motors from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, March 25th. Finally, Redburn Atlantic began coverage on General Motors in a report on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.57.

General Motors Stock Down 0.0 %

GM stock traded down $0.01 on Thursday, reaching $42.45. 14,179,113 shares of the company traded hands, compared to its average volume of 17,419,104. General Motors has a one year low of $26.30 and a one year high of $46.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. The company has a market cap of $49.01 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The firm has a fifty day simple moving average of $41.50 and a 200-day simple moving average of $35.68.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.08. The company had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $2.12 EPS. Research analysts anticipate that General Motors will post 9.08 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were issued a $0.12 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, February 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. General Motors's dividend payout ratio (DPR) is presently 6.57%.

Insiders Place Their Bets

In other news, EVP Gerald Johnson sold 27,122 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Christopher Hatto sold 3,500 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,248 shares of company stock valued at $3,614,078. Corporate insiders own 0.54% of the company's stock.

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.