Oxford Asset Management LLP Buys 16,975 Shares of General Motors (NYSE:GM)

Oxford Asset Management LLP grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 130.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,953 shares of the auto manufacturer's stock after acquiring an additional 16,975 shares during the quarter. General Motors comprises about 0.8% of Oxford Asset Management LLP's holdings, making the stock its 14th largest position. Oxford Asset Management LLP's holdings in General Motors were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new position in General Motors in the 4th quarter worth $26,000. Compass Planning Associates Inc acquired a new position in General Motors in the 4th quarter worth $27,000. Duncker Streett & Co. Inc. lifted its holdings in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Down 0.2 %

Shares of GM traded down $0.08 during trading hours on Thursday, hitting $45.16. 9,078,769 shares of the company were exchanged, compared to its average volume of 13,395,820. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market cap of $43.64 billion, a PE ratio of 7.35, a PEG ratio of 0.67 and a beta of 1.27. The firm's 50 day moving average is $46.82 and its 200-day moving average is $50.27.

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 business had revenue of $44.02 billion during 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 firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.62 EPS. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

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 issued a $0.15 dividend. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.33%. General Motors's dividend payout ratio is 7.80%.

General Motors declared that its board has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Citigroup initiated coverage on shares of General Motors in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Barclays downgraded shares of General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and lowered their price objective for the company from $50.00 to $35.00 in a research report on Monday, April 7th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $54.83.

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.