General Motors (NYSE:GM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,050 shares of the auto manufacturer’s stock after purchasing an additional 9,606 shares during the period. Daiwa Securities Group Inc.’s holdings in General Motors were worth $5,892,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC increased its position in General Motors by 361.1% during the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after buying an additional 93,754 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of General Motors by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock worth $4,859,000 after acquiring an additional 14,002 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of General Motors by 15.0% during the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock valued at $12,992,000 after acquiring an additional 51,336 shares in the last quarter. AM Squared Ltd raised its position in shares of General Motors by 195.0% in the 4th quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock valued at $1,483,000 after purchasing an additional 27,300 shares during the last quarter. Finally, Strs Ohio boosted its stake in General Motors by 7.7% in the 4th quarter. Strs Ohio now owns 1,532,997 shares of the auto manufacturer’s stock worth $55,065,000 after purchasing an additional 109,760 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

GM opened at $42.38 on Friday. The firm has a fifty day moving average price of $41.65 and a 200 day moving average price of $35.80. General Motors has a 1 year low of $26.30 and a 1 year high of $46.04. The stock has a market cap of $48.92 billion, a P/E ratio of 5.80, a P/E/G ratio of 0.51 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The company had revenue of $42.98 billion during the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter in the previous year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that General Motors will post 9.12 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. This is an increase from General Motors’s previous quarterly dividend of $0.09. General Motors’s dividend payout ratio is currently 6.57%.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent analyst reports. Wedbush upped their price target on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Tigress Financial increased their price objective on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Morgan Stanley lifted their target price on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Mizuho raised their price target on shares of General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.57.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,248 shares of company stock valued at $3,614,078. Company insiders own 0.54% of the company’s stock.

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.