Epoch Investment Partners Inc. Invests $2.60 Million in General Motors (NYSE:GM)

Epoch Investment Partners Inc. bought a new position in General Motors (NYSE:GMFree Report) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 72,456 shares of the auto manufacturer’s stock, valued at approximately $2,603,000.

A number of other hedge funds have also recently modified their holdings of GM. FinTrust Capital Advisors LLC boosted its position in General Motors by 2.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock worth $399,000 after purchasing an additional 268 shares in the last quarter. Summit Financial LLC boosted its position in General Motors by 4.3% during the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock worth $239,000 after purchasing an additional 273 shares in the last quarter. Pacifica Partners Inc. boosted its position in General Motors by 10.1% during the fourth quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 301 shares in the last quarter. RWA Wealth Partners LLC boosted its position in General Motors by 5.0% during the fourth quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer’s stock worth $242,000 after purchasing an additional 319 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in General Motors by 0.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 48,789 shares of the auto manufacturer’s stock worth $1,753,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. UBS Group increased their target price on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company increased their target price on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Tigress Financial increased their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.65.

Get Our Latest Research Report on General Motors

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at $544,800.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, President Mark L. Reuss sold 150,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.44, for a total value of $6,516,000.00. Following the transaction, the president now owns 176,907 shares in the company, valued at approximately $7,684,840.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $544,800.32. The disclosure for this sale can be found here. Insiders have sold a total of 818,038 shares of company stock worth $35,592,299 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.

General Motors Stock Up 0.5 %

NYSE:GM traded up $0.23 during midday trading on Friday, reaching $45.72. The company had a trading volume of 10,811,697 shares, compared to its average volume of 12,218,408. The firm has a market capitalization of $52.16 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 0.53 and a beta of 1.46. The stock’s fifty day simple moving average is $44.53 and its 200-day simple moving average is $39.65. General Motors has a 12-month low of $26.30 and a 12-month high of $46.17. 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 (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $2.21 earnings per share. On average, sell-side analysts anticipate that General Motors will post 9.4 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders 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 1.05%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio is presently 5.87%.

General Motors Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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