General Motors (NYSE:GM) Holdings Lifted by Capula Management Ltd

Capula Management Ltd boosted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 104.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,539 shares of the auto manufacturer’s stock after buying an additional 2,835 shares during the period. Capula Management Ltd’s holdings in General Motors were worth $295,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new stake in General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc bought a new stake in General Motors in the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. increased its position in shares of General Motors by 9,960.0% during the 4th 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. Finally, Whittier Trust Co. increased its holdings in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE GM opened at $43.55 on Tuesday. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The business has a 50-day simple moving average of $47.99 and a two-hundred day simple moving average of $50.55. 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 company has a market cap of $43.33 billion, a PE ratio of 7.08, a P/E/G ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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%. As a group, equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.10%. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s 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 of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. TD Cowen initiated coverage on shares of General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, The Goldman Sachs Group set a $73.00 target price on General Motors in a research report on Saturday, March 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.00.

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.