General Motors (NYSE:GM) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,112,510 shares of the auto manufacturer’s stock after selling 45,320 shares during the period. Sei Investments Co.’s holdings in General Motors were worth $59,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new position in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new position in General Motors in the 4th quarter valued at approximately $27,000. Whittier Trust Co. raised its holdings in General Motors by 551.9% during 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. boosted its position 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 worth $27,000 after purchasing an additional 498 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price 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 $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction 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 insiders.

General Motors Stock Up 0.7 %

Shares of NYSE GM opened at $49.77 on Monday. The stock has a market capitalization of $49.53 billion, a PE ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average of $49.02 and a 200-day moving average of $50.49. General Motors has a 52-week low of $38.96 and a 52-week 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 (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%. On average, analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors announced that its board has initiated a share repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.96%. General Motors’s payout ratio is 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. The Goldman Sachs Group set a $73.00 target price on General Motors in a research note on Saturday, March 1st. Finally, Cowen started coverage on General Motors in a research report on Thursday, March 6th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and a consensus price target of $63.06.

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.