Natixis Advisors LLC Increases Position in General Motors (NYSE:GM)

Natixis Advisors LLC increased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,194,090 shares of the auto manufacturer’s stock after buying an additional 45,081 shares during the quarter. Natixis Advisors LLC owned about 0.12% of General Motors worth $63,609,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC increased its holdings in shares of General Motors by 14.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,230 shares of the auto manufacturer’s stock valued at $279,000 after purchasing an additional 674 shares during the period. Catalyst Funds Management Pty Ltd increased its stake in General Motors by 154.8% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 23,700 shares of the auto manufacturer’s stock valued at $1,262,000 after buying an additional 14,400 shares during the period. Picton Mahoney Asset Management raised its position in General Motors by 26.7% during the 4th quarter. Picton Mahoney Asset Management now owns 238,475 shares of the auto manufacturer’s stock worth $12,704,000 after buying an additional 50,185 shares during the last quarter. HMV Wealth Advisors LLC purchased a new stake in shares of General Motors in the fourth quarter valued at about $206,000. Finally, PGGM Investments acquired a new position in shares of General Motors during the fourth quarter worth about $631,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $48.34 on Friday. The company has a market capitalization of $48.10 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company’s 50 day simple moving average is $49.23 and its 200 day simple moving average is $50.47.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, sell-side analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its board has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is 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 issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. General Motors’s payout ratio is currently 7.80%.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction that occurred on 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 acquisition, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GM shares. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $73.00 price target on shares of General Motors in a report on Saturday, March 1st. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.89.

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.