General Motors (NYSE:GM) Holdings Lifted by Townsquare Capital LLC

Townsquare Capital LLC increased its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,000 shares of the auto manufacturer's stock after acquiring an additional 10,307 shares during the quarter. Townsquare Capital LLC's holdings in General Motors were worth $4,368,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the 4th quarter valued at $27,000. Whittier Trust Co. increased its holdings in shares of General Motors by 551.9% during 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 during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of 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 during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Barclays cut General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Finally, Cowen started coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a "buy" rating on the stock. Five equities research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.72.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Up 0.7 %

Shares of GM traded up $0.33 during trading on Friday, reaching $44.55. The company's stock had a trading volume of 11,706,110 shares, compared to its average volume of 13,552,778. The company has a market cap of $44.32 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a fifty day moving average of $47.10 and a two-hundred day moving average of $50.37. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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

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