General Motors (NYSE:GM) Stock Holdings Cut by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC reduced its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 57.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,107 shares of the auto manufacturer's stock after selling 170,393 shares during the period. Quinn Opportunity Partners LLC's holdings in General Motors were worth $6,718,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. MML Investors Services LLC boosted its position in shares of General Motors by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 139,000 shares of the auto manufacturer's stock worth $6,233,000 after purchasing an additional 4,023 shares during the period. Continuum Advisory LLC grew its holdings in General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock worth $131,000 after acquiring an additional 213 shares in the last quarter. M&T Bank Corp raised its position in shares of General Motors by 1.4% during the 3rd quarter. M&T Bank Corp now owns 63,141 shares of the auto manufacturer's stock worth $2,831,000 after acquiring an additional 852 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of General Motors by 23.8% during the third quarter. Coldstream Capital Management Inc. now owns 19,885 shares of the auto manufacturer's stock worth $955,000 after purchasing an additional 3,817 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in General Motors by 17.9% during the 3rd quarter. Toronto Dominion Bank now owns 526,107 shares of the auto manufacturer's stock worth $23,591,000 after purchasing an additional 79,958 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GM. Piper Sandler upped their price target on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Mizuho reduced their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Cowen initiated coverage on General Motors in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a report on Monday. Finally, Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $50.00 to $35.00 in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of "Hold" and an average target price of $56.72.

General Motors Stock Down 0.1 %

NYSE:GM traded down $0.05 during mid-day trading on Wednesday, reaching $44.49. The stock had a trading volume of 4,190,674 shares, compared to its average volume of 13,533,455. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock's 50 day simple moving average is $47.24 and its two-hundred day simple moving average is $50.34. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market capitalization of $44.27 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth 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 earnings per share for the quarter, topping 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%. Equities analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

General Motors announced that its board has authorized a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at General Motors

In other General Motors 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 cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.