Mizuho Securities Co. Ltd. Has $102,000 Stock Position in General Motors (NYSE:GM)

Mizuho Securities Co. Ltd. grew its position in General Motors (NYSE:GM) (TSE:GMM.U) by 88.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,830 shares of the auto manufacturer’s stock after buying an additional 1,330 shares during the quarter. Mizuho Securities Co. Ltd.’s holdings in General Motors were worth $102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of General Motors by 11.5% in the third quarter. International Assets Investment Management LLC now owns 25,270 shares of the auto manufacturer’s stock worth $817,000 after purchasing an additional 2,605 shares in the last quarter. CWM LLC lifted its position in shares of General Motors by 16.8% in the third quarter. CWM LLC now owns 29,724 shares of the auto manufacturer’s stock worth $980,000 after purchasing an additional 4,265 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of General Motors in the third quarter worth approximately $249,000. HB Wealth Management LLC lifted its position in shares of General Motors by 14.0% in the third quarter. HB Wealth Management LLC now owns 18,957 shares of the auto manufacturer’s stock worth $625,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in shares of General Motors in the third quarter worth approximately $360,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Motors news, EVP Gerald Johnson sold 15,190 shares of General Motors stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the sale, the executive vice president now owns 98,628 shares in the company, valued at $3,948,078.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock traded up $1.89 during midday trading on Tuesday, hitting $45.10. The company had a trading volume of 28,608,554 shares, compared to its average volume of 17,589,910. The business’s 50 day simple moving average is $41.86 and its two-hundred day simple moving average is $36.06. The stock has a market cap of $52.06 billion, a PE ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04.

General Motors (NYSE:GM) (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, topping the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $2.21 earnings per share. As a group, equities analysts predict that General Motors will post 9.12 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors’s payout ratio is 6.57%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GM shares. Royal Bank of Canada raised their price objective on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. Mizuho raised their price objective on shares of General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Redburn Atlantic started coverage on shares of General Motors in a research report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $52.52.

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.