Edmond DE Rothschild Holding S.A. Purchases Shares of 86,523 General Motors (NYSE:GM)

Edmond DE Rothschild Holding S.A. acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 86,523 shares of the auto manufacturer’s stock, valued at approximately $4,609,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GM. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of General Motors by 1.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,167 shares of the auto manufacturer’s stock worth $10,590,000 after purchasing an additional 2,517 shares during the last quarter. Public Sector Pension Investment Board raised its position in General Motors by 11.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,744 shares of the auto manufacturer’s stock worth $2,096,000 after buying an additional 4,700 shares during the last quarter. True Wealth Design LLC lifted its stake in General Motors by 1,273.8% during the 3rd quarter. True Wealth Design LLC now owns 838 shares of the auto manufacturer’s stock valued at $38,000 after acquiring an additional 777 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of General Motors by 138.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,722 shares of the auto manufacturer’s stock valued at $615,000 after acquiring an additional 7,970 shares during the last quarter. Finally, Ascent Group LLC purchased a new position in shares of General Motors during the third quarter worth $1,422,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

General Motors Trading Up 0.8 %

Shares of GM stock opened at $47.06 on Tuesday. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock’s fifty day moving average is $48.81 and its two-hundred day moving average is $50.61. The firm has a market capitalization of $46.82 billion, a P/E ratio of 7.65, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal 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 purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Analyst Ratings Changes

Several equities research analysts have commented on GM shares. Mizuho upped their price target on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 target price on the stock. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a report on Saturday, March 1st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.11.

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.