General Motors (NYSE:GM) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 538,400 shares of the auto manufacturer’s stock after buying an additional 10,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in General Motors were worth $28,681,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GM. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new position in General Motors during the fourth quarter worth $26,000. Compass Planning Associates Inc acquired a new stake in General Motors during the fourth quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in General Motors during the fourth quarter worth $28,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in General Motors during the fourth quarter worth $31,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $48.39 on Thursday. The stock’s 50 day simple moving average is $50.45 and its 200 day simple moving average is $50.33. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The firm has a market cap of $48.14 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data 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, analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is 7.80%.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GM shares. 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. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group restated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.71.

About General Motors

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.