60,515 Shares in General Motors (NYSE:GM) Purchased by Ruffer LLP

Ruffer LLP bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 60,515 shares of the auto manufacturer’s stock, valued at approximately $3,224,000.

A number of other large investors also recently bought and sold shares of GM. Blue Trust Inc. increased its holdings in General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares during the period. SYM FINANCIAL Corp purchased a new stake in shares of General Motors during the 4th quarter valued at $474,000. Versor Investments LP acquired a new stake in General Motors during the 3rd quarter valued at approximately $1,551,000. Asset Management One Co. Ltd. raised its stake in General Motors by 9.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock valued at $25,178,000 after buying an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new stake in General Motors during the fourth quarter worth about $1,044,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $47.39 on Friday. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The stock has a market capitalization of $47.16 billion, a PE ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock’s fifty day moving average is $49.70 and its 200-day moving average is $50.47.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Equities research analysts expect 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 will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

General Motors declared that its board has approved a share buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GM has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Finally, Mizuho boosted their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus price target of $62.22.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by company insiders.

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.