General Motors (GM) Stake Decreased by LSV Asset Management

LSV Asset Management lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,628,223 shares of the auto manufacturer’s stock after selling 267,293 shares during the period. LSV Asset Management’s holdings in General Motors were worth $388,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. acquired a new position in General Motors in the fourth quarter worth approximately $26,000. Cornerstone Advisors Inc. grew its position in General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 346 shares during the last quarter. NuWave Investment Management LLC grew its position in General Motors by 198.6% in the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 588 shares during the last quarter. Advisors Preferred LLC acquired a new position in General Motors in the fourth quarter worth approximately $31,000. Finally, Vigilant Capital Management LLC acquired a new position in General Motors in the fourth quarter worth approximately $43,000. 77.74% of the stock is currently owned by institutional investors.

NYSE GM opened at $38.48 on Monday. General Motors has a twelve month low of $30.56 and a twelve month high of $45.00. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $54.23 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 0.72 and a beta of 1.26.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The firm had revenue of $38.40 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same period in the previous year, the company posted $1.65 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that General Motors will post 6.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, March 7th. General Motors’s payout ratio is 23.24%.

GM has been the topic of several recent research reports. Deutsche Bank initiated coverage on shares of General Motors in a research report on Thursday, December 13th. They issued a “buy” rating on the stock. Royal Bank of Canada lifted their price target on shares of General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets upgraded shares of General Motors from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, November 16th. Finally, Citigroup lifted their price target on shares of General Motors to $67.00 and gave the stock a “buy” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.97.

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General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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