Parametrica Management Ltd Makes New Investment in General Motors (NYSE:GM)

Parametrica Management Ltd acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 25,219 shares of the auto manufacturer’s stock, valued at approximately $1,343,000. General Motors accounts for 1.8% of Parametrica Management Ltd’s investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also added to or reduced their stakes in GM. Golden State Wealth Management LLC purchased a new stake in General Motors in the 4th quarter worth $25,000. Crews Bank & Trust bought a new position in shares of General Motors during the 4th quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new position in shares of General Motors in the 3rd quarter worth $27,000. Compass Planning Associates Inc purchased a new position in General Motors in the fourth quarter worth about $27,000. Finally, Duncker Streett & Co. Inc. increased its position 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 valued at $27,000 after purchasing an additional 498 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group set a $73.00 price target on General Motors in a report on Saturday, March 1st. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler increased their price target on General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.06.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following 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 filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

General Motors Price Performance

NYSE:GM opened at $52.62 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The stock’s 50-day moving average price is $49.08 and its 200-day moving average price is $50.55. The stock has a market capitalization of $52.36 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.91%. General Motors’s dividend payout ratio is presently 7.80%.

General Motors announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.