General Motors (NYSE:GM) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,311 shares of the auto manufacturer’s stock after purchasing an additional 1,818 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in General Motors were worth $1,125,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Pacifica Partners Inc. increased its position in shares of General Motors by 10.1% during the 4th quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 301 shares during the last quarter. RWA Wealth Partners LLC increased its position in shares of General Motors by 5.0% during the 4th 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 during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of General Motors by 6.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer’s stock worth $233,000 after purchasing an additional 404 shares during the last quarter. CX Institutional increased its position in shares of General Motors by 4.2% during the 3rd quarter. CX Institutional now owns 10,675 shares of the auto manufacturer’s stock worth $352,000 after purchasing an additional 431 shares during the last quarter. Finally, Graypoint LLC increased its position in shares of General Motors by 2.8% during the 4th quarter. Graypoint LLC now owns 16,397 shares of the auto manufacturer’s stock worth $589,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on GM shares. Citigroup lifted their target price on General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday. Sanford C. Bernstein started coverage on General Motors in a research report on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. UBS Group lifted their target price on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 0.7 %

Shares of GM stock traded up $0.33 during trading hours on Friday, reaching $45.95. The company had a trading volume of 3,338,788 shares, compared to its average volume of 17,337,635. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a twelve month low of $26.30 and a twelve month high of $46.17. The company has a market capitalization of $52.43 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The stock’s fifty day simple moving average is $42.13 and its 200 day simple moving average is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last posted 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. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. During the same quarter last year, the firm earned $2.21 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

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.