General Motors (NYSE:GM) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 14.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,273,773 shares of the auto manufacturer’s stock after acquiring an additional 164,318 shares during the quarter. Natixis Advisors L.P.’s holdings in General Motors were worth $45,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC increased its holdings in shares of General Motors by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 6,497,100 shares of the auto manufacturer’s stock valued at $233,376,000 after purchasing an additional 30,641 shares during the last quarter. Rogco LP increased its holdings in shares of General Motors by 86.9% in the fourth quarter. Rogco LP now owns 3,412 shares of the auto manufacturer’s stock valued at $123,000 after purchasing an additional 1,586 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of General Motors by 26.4% in the fourth quarter. First Trust Direct Indexing L.P. now owns 19,654 shares of the auto manufacturer’s stock valued at $706,000 after purchasing an additional 4,105 shares during the last quarter. Summit Financial LLC increased its holdings in shares of General Motors by 4.3% in the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock valued at $239,000 after purchasing an additional 273 shares during the last quarter. Finally, Arnhold LLC acquired a new stake in General Motors during the fourth quarter worth $11,868,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of several recent analyst reports. Wedbush raised their target price on General Motors from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Redburn Atlantic initiated coverage on General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price for the company. Citigroup lifted their price target on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Tigress Financial lifted their target price on General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 15th. Finally, Piper Sandler boosted their price target on General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Price Performance

Shares of NYSE:GM traded up $0.19 during trading on Friday, hitting $44.86. 10,046,006 shares of the stock were exchanged, compared to its average volume of 14,174,765. The company has a fifty day moving average price of $42.74 and a two-hundred day moving average price of $36.69. The company has a market cap of $51.18 billion, a PE ratio of 5.48, a P/E/G ratio of 0.52 and a beta of 1.49. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. General Motors has a 12-month low of $26.30 and a 12-month high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the previous year, the company earned $2.21 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors’s payout ratio is currently 5.87%.

Insider Activity at General Motors

In related news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at approximately $3,236,361.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is owned by corporate insiders.

About General Motors

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.