American Century Companies Inc. Sells 209,758 Shares of General Motors (NYSE:GM)

American Century Companies Inc. trimmed its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,758,261 shares of the auto manufacturer’s stock after selling 209,758 shares during the quarter. American Century Companies Inc.’s holdings in General Motors were worth $93,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Runnymede Capital Advisors Inc. purchased a new stake in General Motors in the 4th quarter valued at about $46,000. Mizuho Securities USA LLC grew its position in shares of General Motors by 43.0% during the 4th quarter. Mizuho Securities USA LLC now owns 104,217 shares of the auto manufacturer’s stock worth $5,552,000 after buying an additional 31,337 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC bought a new position in shares of General Motors during the 4th quarter worth $237,000. Sciencast Management LP increased its stake in shares of General Motors by 6.5% during the fourth quarter. Sciencast Management LP now owns 57,298 shares of the auto manufacturer’s stock valued at $3,052,000 after buying an additional 3,502 shares during the period. Finally, Summit Global Investments lifted its stake in General Motors by 54.8% in the fourth quarter. Summit Global Investments now owns 14,448 shares of the auto manufacturer’s stock worth $770,000 after acquiring an additional 5,112 shares during the period. 92.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GM has been the subject of several recent research reports. The Goldman Sachs Group set a $73.00 price target on shares of General Motors in a report on Saturday, March 1st. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Mizuho increased their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Hold” and an average target price of $63.06.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Up 3.3 %

General Motors stock opened at $51.47 on Tuesday. The business’s 50-day simple moving average is $49.05 and its two-hundred day simple moving average is $50.51. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market cap of $51.21 billion, a PE ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.42. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

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

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

General Motors 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.