Susquehanna Fundamental Investments LLC Purchases 285,864 Shares of General Motors (NYSE:GM)

Susquehanna Fundamental Investments LLC grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 58.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 777,974 shares of the auto manufacturer’s stock after buying an additional 285,864 shares during the quarter. General Motors makes up approximately 0.8% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 11th largest position. Susquehanna Fundamental Investments LLC’s holdings in General Motors were worth $36,145,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its holdings in shares of General Motors by 1,213.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,203,771 shares of the auto manufacturer’s stock worth $79,159,000 after purchasing an additional 2,035,925 shares in the last quarter. US Bancorp DE grew its holdings in shares of General Motors by 59.3% during the 4th quarter. US Bancorp DE now owns 86,888 shares of the auto manufacturer’s stock worth $3,121,000 after purchasing an additional 32,331 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of General Motors by 317.6% during the 4th quarter. GSA Capital Partners LLP now owns 67,807 shares of the auto manufacturer’s stock worth $2,436,000 after purchasing an additional 51,571 shares in the last quarter. ACR Alpine Capital Research LLC grew its holdings in shares of General Motors by 8.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after purchasing an additional 492,693 shares in the last quarter. Finally, BDF Gestion acquired a new stake in shares of General Motors during the 2nd quarter worth $2,886,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $46.47 on Friday. General Motors has a 1 year low of $26.30 and a 1 year high of $50.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.99. The company has a market capitalization of $53.02 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. The business has a 50-day moving average of $46.02 and a 200-day moving average of $45.47.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. The company had revenue of $47.97 billion during the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. As a group, equities research analysts anticipate that General Motors will post 9.95 earnings per share for the current year.

General Motors announced that its Board of Directors has approved a share buyback plan on Tuesday, June 11th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors’s payout ratio is currently 5.87%.

Insiders Place Their Bets

In other General Motors news, CFO Paul A. Jacobson bought 25,000 shares of the stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now owns 261,872 shares in the company, valued at approximately $11,551,173.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Motors news, EVP Rory Harvey sold 2,302 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares of the company’s stock, valued at $489,942.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul A. Jacobson acquired 25,000 shares of General Motors stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $44.11 per share, with a total value of $1,102,750.00. Following the purchase, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Sanford C. Bernstein lowered General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 price objective on the stock. in a research note on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of General Motors in a research note on Wednesday, July 24th. Wells Fargo & Company reduced their price objective on General Motors from $34.00 to $33.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Wolfe Research assumed coverage on General Motors in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.92.

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.