Rockefeller Capital Management L.P. Boosts Stake in General Motors (NYSE:GM)

Rockefeller Capital Management L.P. grew its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,754 shares of the auto manufacturer's stock after purchasing an additional 6,558 shares during the period. Rockefeller Capital Management L.P.'s holdings in General Motors were worth $6,372,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Whittier Trust Co. increased its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. raised its holdings in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 3.3 %

Shares of NYSE:GM traded up $1.49 during trading on Wednesday, reaching $46.65. 2,200,294 shares of the stock traded hands, compared to its average volume of 13,428,405. The stock has a market cap of $46.42 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. 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 stock has a 50-day moving average of $46.97 and a two-hundred day moving average of $50.32. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

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 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is 7.80%.

General Motors declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

GM has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Mizuho decreased their target price on General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group cut their price target 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. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a report on Monday, April 14th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note 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 given a buy rating to the stock. According to MarketBeat.com, General Motors has an average rating of "Hold" and an average price target of $54.83.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly 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. Company insiders own 0.72% of the company's stock.

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.