Keybank National Association OH Buys 3,589 Shares of General Motors (NYSE:GM)

Keybank National Association OH boosted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,865 shares of the auto manufacturer’s stock after purchasing an additional 3,589 shares during the period. Keybank National Association OH’s holdings in General Motors were worth $1,804,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the fourth quarter valued at about $26,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors in the third quarter worth about $27,000. Truvestments Capital LLC bought a new position in General Motors during the 3rd quarter worth about $27,000. Finally, Compass Planning Associates Inc purchased a new position in General Motors during the 4th quarter valued at about $27,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Down 2.7 %

NYSE:GM opened at $47.15 on Friday. The company has a market capitalization of $46.92 billion, a P/E ratio of 7.67, a PEG ratio of 0.67 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The firm has a fifty day simple moving average of $49.84 and a 200-day simple moving average of $50.43.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GM shares. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Mizuho lifted their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.71.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 13,714 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% 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.