152,543 Shares in General Motors (NYSE:GM) Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 152,543 shares of the auto manufacturer’s stock, valued at approximately $8,126,000.

Other large investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its holdings in General Motors by 8.0% during the 3rd quarter. CIBC Asset Management Inc now owns 170,693 shares of the auto manufacturer’s stock valued at $7,654,000 after buying an additional 12,649 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in General Motors during the 3rd quarter valued at about $267,000. Claro Advisors LLC grew its holdings in General Motors by 18.1% during the 3rd quarter. Claro Advisors LLC now owns 9,631 shares of the auto manufacturer’s stock valued at $432,000 after buying an additional 1,478 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in General Motors by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,193 shares of the auto manufacturer’s stock valued at $2,340,000 after buying an additional 539 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in General Motors by 81.0% during the 3rd quarter. Quest Partners LLC now owns 37,516 shares of the auto manufacturer’s stock valued at $1,682,000 after buying an additional 16,788 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the subject of a number of recent analyst reports. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group reissued a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.89.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

General Motors Price Performance

GM opened at $49.01 on Tuesday. 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 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market capitalization of $48.76 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock’s 50 day moving average price is $49.14 and its 200-day moving average price is $50.48.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.98%. General Motors’s payout ratio is 7.80%.

General Motors announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.