Jackson Creek Investment Advisors LLC Takes $930,000 Position in General Motors (NYSE:GM)

Jackson Creek Investment Advisors LLC purchased a new position 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 purchased 17,459 shares of the auto manufacturer’s stock, valued at approximately $930,000.

A number of other hedge funds also recently bought and sold shares of GM. Farther Finance Advisors LLC lifted its stake in shares of General Motors by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 6,021 shares of the auto manufacturer’s stock worth $270,000 after buying an additional 1,019 shares in the last quarter. Van ECK Associates Corp lifted its position in General Motors by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 35,384 shares of the auto manufacturer’s stock valued at $1,587,000 after acquiring an additional 2,015 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter valued at approximately $27,000. Principal Financial Group Inc. boosted its stake in General Motors by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,268,096 shares of the auto manufacturer’s stock valued at $56,861,000 after purchasing an additional 13,206 shares during the last quarter. Finally, Summit Global Investments increased its holdings in shares of General Motors by 81.4% in the 3rd quarter. Summit Global Investments now owns 9,336 shares of the auto manufacturer’s stock worth $419,000 after purchasing an additional 4,188 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group restated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. TD Cowen began coverage on shares of General Motors in a research report on Friday. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.22.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated 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 completion of the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

General Motors Stock Up 0.4 %

GM stock opened at $47.39 on Friday. The business’s 50-day moving average price is $49.70 and its 200-day moving average price is $50.44. The stock has a market cap of $47.16 billion, a P/E ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating 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, equities research analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. General Motors’s payout ratio is presently 7.80%.

General Motors announced that its Board of Directors has initiated a share repurchase 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 purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board 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.