Dymon Asia Capital Singapore PTE. LTD. Makes New Investment in General Motors (NYSE:GM)

Dymon Asia Capital Singapore PTE. LTD. purchased a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,450 shares of the auto manufacturer’s stock, valued at approximately $1,089,000. General Motors accounts for 0.3% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in shares of General Motors in the 4th quarter valued at about $474,000. Asset Management One Co. Ltd. lifted its position in shares of General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after purchasing an additional 39,474 shares during the period. Avantra Family Wealth Inc. purchased a new position in General Motors during the fourth quarter valued at approximately $1,044,000. Finally, Handelsbanken Fonder AB raised its stake in General Motors by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock worth $10,763,000 after buying an additional 19,924 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

General Motors Price Performance

NYSE:GM opened at $43.91 on Friday. The stock’s fifty day moving average is $47.46 and its two-hundred day moving average is $50.37. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $43.69 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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 expect that General Motors will post 11.44 EPS for the current year.

General Motors announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.09%. General Motors’s dividend payout ratio (DPR) is 7.80%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GM. Sanford C. Bernstein downgraded General Motors from a “market perform” rating to an “underperform” rating and cut their price target for the company from $50.00 to $35.00 in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Piper Sandler raised their price objective on General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Finally, Mizuho decreased their price target on General Motors from $63.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, General Motors currently has a consensus rating of “Hold” and a consensus target price of $59.33.

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.