Knights of Columbus Asset Advisors LLC Acquires 709 Shares of General Motors (NYSE:GM)

Knights of Columbus Asset Advisors LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 84,546 shares of the auto manufacturer’s stock after buying an additional 709 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in General Motors were worth $3,037,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of General Motors in the 4th quarter valued at approximately $493,248,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of General Motors by 80.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,687,738 shares of the auto manufacturer’s stock valued at $538,747,000 after buying an additional 6,548,022 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in General Motors by 454.3% during the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after purchasing an additional 4,275,293 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in General Motors by 1,257.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,368,500 shares of the auto manufacturer’s stock valued at $103,598,000 after purchasing an additional 2,194,000 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in General Motors by 32.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock valued at $274,531,000 after purchasing an additional 2,049,412 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Down 0.2 %

GM stock opened at $42.37 on Friday. The company has a market cap of $48.91 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The business has a 50-day simple moving average of $41.65 and a 200 day simple moving average of $35.83. General Motors has a 52 week low of $26.30 and a 52 week high of $46.04. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

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

General Motors Increases Dividend

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

Wall Street Analysts Forecast Growth

GM has been the subject of several research reports. Wells Fargo & Company raised their price target on General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, January 4th. Wedbush raised their price target on General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Mizuho lifted their target price on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Tigress Financial boosted their target price on shares of General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 15th. One 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.57.

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.