General Motors (NYSE:GM) Shares Bought by LSV Asset Management

LSV Asset Management grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,772,070 shares of the auto manufacturer's stock after acquiring an additional 154,200 shares during the period. LSV Asset Management owned 0.76% of General Motors worth $315,093,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in General Motors by 454.3% in the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer's stock valued at $171,961,000 after purchasing an additional 4,275,293 shares during the period. AQR Capital Management LLC grew its position in General Motors by 32.6% during the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer's stock worth $274,531,000 after buying an additional 2,049,412 shares in the last quarter. Vanguard Group Inc. increased its stake in General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock worth $3,674,861,000 after acquiring an additional 1,580,681 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of General Motors by 518.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer's stock valued at $42,023,000 after acquiring an additional 1,068,474 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of General Motors by 175.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer's stock valued at $53,262,000 after acquiring an additional 1,028,508 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares of the company's stock, valued at $860,710.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by corporate insiders.

General Motors Trading Up 0.4 %

Shares of General Motors stock traded up $0.19 during trading on Friday, reaching $44.86. 10,046,006 shares of the stock were exchanged, compared to its average volume of 14,174,765. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The firm has a market cap of $51.18 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.53 and a beta of 1.49. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17. The stock's fifty day moving average is $42.84 and its 200 day moving average is $36.89.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.21 EPS. As a group, equities research analysts expect that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio (DPR) is currently 5.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GM shares. Tigress Financial raised their target price on shares of General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 15th. Mizuho upped their target price on shares of General Motors from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price target on General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a research report on Tuesday, April 23rd. Redburn Atlantic assumed coverage on General Motors in a research report on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.65.

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.