General Motors (NYSE:GM) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 18.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,028 shares of the auto manufacturer’s stock after buying an additional 934 shares during the period. Citizens Financial Group Inc. RI’s holdings in General Motors were worth $321,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in General Motors by 0.5% during the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer’s stock worth $1,055,395,000 after purchasing an additional 106,878 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of General Motors by 6.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer’s stock worth $774,766,000 after acquiring an additional 989,750 shares in the last quarter. ACR Alpine Capital Research LLC lifted its holdings in shares of General Motors by 39.8% during the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer’s stock valued at $394,060,000 after acquiring an additional 2,104,528 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in General Motors by 6.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer’s stock valued at $259,988,000 after purchasing an additional 358,507 shares in the last quarter. Finally, Amundi raised its position in General Motors by 75.5% in the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer’s stock valued at $250,627,000 after purchasing an additional 2,113,973 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

General Motors Stock Performance

GM opened at $47.09 on Friday. The business’s 50 day moving average is $49.30 and its 200-day moving average is $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 stock has a market cap of $46.85 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24.

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 (EPS) for the quarter, topping 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%. On average, analysts predict that General Motors will post 11.44 earnings per share for the current year.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. General Motors’s dividend payout ratio (DPR) is 7.80%.

Analyst Ratings Changes

Several brokerages have recently weighed in on GM. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Cowen started coverage on General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group set a $73.00 price target on shares of General Motors in a research note on Saturday, March 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, General Motors currently has a consensus rating of “Hold” and an average target price 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.