General Motors (NYSE:GM) Holdings Lifted by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,407,110 shares of the auto manufacturer’s stock after buying an additional 32,875 shares during the quarter. General Motors comprises approximately 1.7% of Brandywine Global Investment Management LLC’s holdings, making the stock its 7th largest position. Brandywine Global Investment Management LLC owned about 0.44% of General Motors worth $234,767,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the fourth quarter valued at $27,000. Whittier Trust Co. increased its position in 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 purchasing an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in General Motors by 9,960.0% during the fourth 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 in the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GM. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group reiterated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, Cowen started coverage on shares of General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.11.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Down 1.2 %

Shares of GM stock opened at $46.65 on Friday. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market cap of $46.42 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock’s fifty day moving average price is $48.89 and its 200 day moving average price is $50.56.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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, research 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 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 1.03%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

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