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

Epoch Investment Partners Inc. bought a new position in shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 72,456 shares of the auto manufacturer’s stock, valued at approximately $2,603,000.

Several other hedge funds also recently made changes to their positions in GM. Highlander Capital Management LLC bought a new position in General Motors in the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. boosted its position in General Motors by 75.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 359 shares in the last quarter. Sachetta LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $33,000. Bfsg LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in General Motors in the fourth quarter valued at approximately $36,000. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

Shares of NYSE:GM traded up $0.23 during 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 company has a fifty day moving average of $44.53 and a two-hundred day moving average of $39.65. The stock has a market capitalization of $52.16 billion, a P/E ratio of 5.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.46. 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 announced its quarterly earnings data 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. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. During the same quarter in the prior year, the company earned $2.21 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that General Motors will post 9.4 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.05%. General Motors’s payout ratio is currently 5.87%.

Analyst Ratings Changes

GM has been the topic of a number of research analyst reports. Mizuho raised their target price on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their price target on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Sanford C. Bernstein assumed coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 target price for the company. Finally, TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors has an average rating of “Moderate Buy” and a consensus target price of $54.65.

Check Out Our Latest Stock Report on GM

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $42.01, for a total value of $252,060.00. Following the completion of the sale, the chief accounting officer now directly owns 15,507 shares of the company’s stock, valued at approximately $651,449.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Christopher Hatto sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $42.01, for a total value of $252,060.00. Following the completion of the sale, the chief accounting officer now directly owns 15,507 shares of the company’s stock, valued at approximately $651,449.07. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 626,316 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the completion of the transaction, the chief executive officer now owns 1,198,648 shares of the company’s stock, valued at $52,093,242.08. The disclosure for this sale can be found here. Insiders sold 818,038 shares of company stock valued at $35,592,299 in the last quarter. Company insiders own 0.72% of the company’s stock.

General Motors Company 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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