Interchange Capital Partners LLC Has $369,000 Holdings in General Motors (NYSE:GM)

Interchange Capital Partners LLC raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 13.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,932 shares of the auto manufacturer’s stock after buying an additional 819 shares during the quarter. Interchange Capital Partners LLC’s holdings in General Motors were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in General Motors by 19.7% during the fourth 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 last quarter. SYM FINANCIAL Corp acquired a new position in shares of General Motors during the 4th quarter worth $474,000. Asset Management One Co. Ltd. lifted its position in shares of General Motors by 9.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after buying an additional 39,474 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in General Motors in the fourth quarter valued at about $1,044,000. Finally, Handelsbanken Fonder AB grew its position in General Motors by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock valued at $10,763,000 after acquiring an additional 19,924 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price target 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 research note on Wednesday, December 11th. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Cowen started coverage on General Motors in a research note on Thursday, March 6th. They issued a “buy” rating for the company. Finally, Piper Sandler boosted their target price on shares of General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. 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. According to data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus price target of $63.06.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 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, for a total transaction 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. The trade was a 700.12 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

General Motors Trading Up 3.3 %

Shares of General Motors stock opened at $51.47 on Tuesday. The company has a market capitalization of $51.21 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock has a fifty day simple moving average of $49.05 and a 200 day simple moving average of $50.51. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

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 for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid 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 of this dividend was Friday, March 7th. General Motors’s payout ratio is 7.80%.

General Motors announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally 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.