Russell Investments Group Ltd. Has $115.12 Million Position in General Motors (NYSE:GM)

Russell Investments Group Ltd. boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,204,302 shares of the auto manufacturer’s stock after buying an additional 208,644 shares during the period. Russell Investments Group Ltd.’s holdings in General Motors were worth $115,123,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GM. Acadian Asset Management LLC lifted its holdings in General Motors by 454.3% in the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after buying an additional 4,275,293 shares during the period. AQR Capital Management LLC raised its holdings in General Motors by 32.6% in the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after purchasing an additional 2,049,412 shares during the period. Vanguard Group Inc. raised its holdings in General Motors by 1.4% in the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. EP Wealth Advisors LLC raised its holdings in General Motors by 518.4% in the third quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock worth $42,023,000 after purchasing an additional 1,068,474 shares during the period. Finally, Canada Pension Plan Investment Board raised its holdings in General Motors by 175.2% in the third quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock worth $53,262,000 after purchasing an additional 1,028,508 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 in the last quarter. Company insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM traded up $0.22 during midday trading on Friday, reaching $45.84. The stock had a trading volume of 12,153,282 shares, compared to its average volume of 13,652,336. The firm has a 50 day simple moving average of $42.27 and a 200-day simple moving average of $36.32. General Motors has a one year low of $26.30 and a one year high of $46.17. The firm has a market cap of $52.30 billion, a PE ratio of 5.60, a P/E/G ratio of 0.53 and a beta of 1.51. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter last year, the firm posted $2.21 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors will post 9.45 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Analyst Ratings Changes

Several research firms have weighed in on GM. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Piper Sandler raised their price objective on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.65.

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.