Baader Bank Aktiengesellschaft Invests $716,000 in General Motors (NYSE:GM)

Baader Bank Aktiengesellschaft purchased a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,750 shares of the auto manufacturer’s stock, valued at approximately $716,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cerity Partners LLC raised its stake in shares of General Motors by 361.1% during the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock worth $4,300,000 after purchasing an additional 93,754 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of General Motors during the 4th quarter worth $36,000. NewEdge Wealth LLC lifted its position in shares of General Motors by 5.3% during the 4th quarter. NewEdge Wealth LLC now owns 49,591 shares of the auto manufacturer’s stock worth $1,781,000 after buying an additional 2,506 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of General Motors during the 4th quarter worth $2,974,000. Finally, Vontobel Holding Ltd. raised its position in General Motors by 19.0% in the fourth quarter. Vontobel Holding Ltd. now owns 229,200 shares of the auto manufacturer’s stock valued at $8,233,000 after purchasing an additional 36,629 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 2.9 %

Shares of GM traded up $1.25 on Thursday, reaching $44.86. The stock had a trading volume of 12,912,290 shares, compared to its average volume of 15,874,729. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of 5.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The company has a 50-day simple moving average of $46.05 and a 200-day simple moving average of $43.68. General Motors has a 12-month low of $26.30 and a 12-month high of $50.50.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The company had revenue of $47.97 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the company earned $1.91 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts predict that General Motors will post 9.94 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, September 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

General Motors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, June 11th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 10.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on GM shares. Barclays lifted their price objective on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Wells Fargo & Company lifted their price objective on General Motors from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Bank of America reiterated a “buy” rating and issued a $75.00 target price on shares of General Motors in a report on Wednesday, June 12th. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Citigroup lifted their target price on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.17.

Insider Transactions at General Motors

In related news, CFO Paul A. Jacobson bought 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the transaction, the chief financial officer now owns 261,872 shares of the company’s stock, valued at $11,551,173.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Motors news, CEO Mary T. Barra sold 626,316 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the sale, the chief executive officer now directly owns 1,198,648 shares of the company’s stock, valued at $52,093,242.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul A. Jacobson acquired 25,000 shares of General Motors stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the purchase, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at $11,551,173.92. The disclosure for this purchase can be found here. Insiders have sold a total of 1,152,621 shares of company stock worth $51,818,111 in the last ninety days. Insiders own 0.72% of the company’s stock.

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.