Edmond DE Rothschild Holding S.A. Buys Shares of 86,523 General Motors (NYSE:GM)

Edmond DE Rothschild Holding S.A. purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 86,523 shares of the auto manufacturer’s stock, valued at approximately $4,609,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GM. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in General Motors in the 4th quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new stake in General Motors in the 4th quarter valued at approximately $27,000. Whittier Trust Co. lifted its stake 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 in the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of 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 buying an additional 498 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

General Motors Trading Up 0.8 %

NYSE GM opened at $47.06 on Tuesday. The firm’s fifty day moving average price is $48.81 and its 200 day moving average price is $50.61. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. 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 market capitalization of $46.82 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping 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, sell-side analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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 $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

Wall Street Analyst Weigh In

GM has been the topic of several research analyst reports. Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Cowen assumed coverage on shares of General Motors in a research report on Thursday, March 6th. They set a “buy” rating on the stock. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. UBS Group reiterated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Finally, Piper Sandler boosted their price target on shares of General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.11.

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.