Keystone Investors PTE Ltd. Invests $3.16 Million in General Motors (NYSE:GM)

Keystone Investors PTE Ltd. acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 59,345 shares of the auto manufacturer’s stock, valued at approximately $3,161,000.

Other large investors have also recently bought and sold shares of the company. TIAA Trust National Association grew its stake in General Motors by 25.4% in the 4th quarter. TIAA Trust National Association now owns 8,008 shares of the auto manufacturer’s stock valued at $427,000 after buying an additional 1,624 shares during the last quarter. Interchange Capital Partners LLC lifted its position in General Motors by 13.4% in the fourth quarter. Interchange Capital Partners LLC now owns 6,932 shares of the auto manufacturer’s stock worth $369,000 after purchasing an additional 819 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in General Motors during the fourth quarter worth $5,759,000. LPL Financial LLC increased its holdings in General Motors by 8.5% in the 4th quarter. LPL Financial LLC now owns 640,491 shares of the auto manufacturer’s stock valued at $34,119,000 after buying an additional 50,031 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of General Motors in the 4th quarter valued at $28,298,000. 92.67% of the stock is currently owned by institutional investors.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the 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 completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Performance

Shares of GM stock opened at $51.47 on Tuesday. 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 company has a fifty day moving average price of $49.05 and a two-hundred day moving average price of $50.51. The stock has a market cap of $51.21 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a one year low of $38.96 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results 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 return on equity of 15.29% and a net margin of 3.21%. As a group, equities analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its board has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of “Hold” and a consensus price target of $63.06.

About General Motors

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.