Xponance Inc. Increases Holdings in General Motors (NYSE:GM)

Xponance Inc. grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,482 shares of the auto manufacturer’s stock after buying an additional 41,799 shares during the period. Xponance Inc.’s holdings in General Motors were worth $10,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter worth $26,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the 3rd quarter worth $27,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the 4th quarter worth $27,000. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Down 0.8 %

Shares of NYSE GM opened at $48.62 on Wednesday. The stock has a fifty day moving average price of $49.07 and a 200 day moving average price of $50.47. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market cap of $48.38 billion, a P/E ratio of 7.91, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. Research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has approved a stock 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 reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. General Motors’s dividend payout ratio is presently 7.80%.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Cowen started coverage on General Motors in a report on Thursday, March 6th. They set a “buy” rating for the company. Finally, Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, General Motors has an average rating of “Hold” and an average price target of $62.89.

General Motors Company 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.