Quantessence Capital LLC Acquires Shares of 13,331 General Motors (NYSE:GM)

Quantessence Capital LLC purchased a new stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,331 shares of the auto manufacturer's stock, valued at approximately $710,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GM. Stifel Financial Corp grew its position in General Motors by 6.0% in the fourth quarter. Stifel Financial Corp now owns 624,290 shares of the auto manufacturer's stock worth $33,256,000 after acquiring an additional 35,404 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of General Motors by 13.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,242 shares of the auto manufacturer's stock worth $226,000 after purchasing an additional 498 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of General Motors by 28.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 65,158 shares of the auto manufacturer's stock worth $3,471,000 after purchasing an additional 14,256 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of General Motors by 10.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 594,256 shares of the auto manufacturer's stock worth $31,657,000 after purchasing an additional 55,367 shares during the last quarter. Finally, Transce3nd LLC purchased a new stake in General Motors in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price 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 $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GM shares. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $50.00 to $35.00 in a research report on Monday, April 7th. Barclays downgraded shares of General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target on the stock. Cowen assumed coverage on General Motors in a research report on Thursday, March 6th. They set a "buy" rating for the company. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $54.83.

General Motors Stock Up 0.5 %

General Motors stock traded up $0.23 during trading on Friday, reaching $47.11. The stock had a trading volume of 8,103,590 shares, compared to its average volume of 13,341,338. 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 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $46.87 billion, a PE ratio of 7.66, a P/E/G ratio of 0.67 and a beta of 1.27. The business has a 50 day moving average price of $46.87 and a 200 day moving average price of $50.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

General Motors Dividend Announcement

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

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.