Susquehanna Fundamental Investments LLC Acquires New Stake in General Motors (NYSE:GM)

Susquehanna Fundamental Investments LLC acquired a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 476,888 shares of the auto manufacturer's stock, valued at approximately $25,404,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Point Inc. lifted its position in General Motors by 2.7% during the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after buying an additional 193 shares in the last quarter. Holistic Planning LLC raised its position in General Motors by 3.9% in the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after purchasing an additional 214 shares during the period. Nemes Rush Group LLC raised its position in General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares during the period. Operose Advisors LLC lifted its stake in General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of General Motors by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Mizuho lowered 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. UBS Group reiterated a "neutral" rating and issued a $51.00 price target (down previously from $64.00) on shares of General Motors in a research note on Thursday, April 10th. Finally, Citigroup began coverage on shares of General Motors in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $54.83.

General Motors Stock Up 0.1 %

GM stock traded up $0.05 during midday trading on Thursday, reaching $45.29. 8,885,990 shares of the company were exchanged, compared to its average volume of 13,999,691. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock's 50-day simple moving average is $46.82 and its 200 day simple moving average is $50.27. The company has a market cap of $43.76 billion, a price-to-earnings ratio of 7.37, 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 announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.62 EPS. On average, equities analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. 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. General Motors's payout ratio is presently 7.80%.

General Motors declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.