B. Metzler seel. Sohn & Co. AG Trims Stock Position in General Motors (NYSE:GM)

B. Metzler seel. Sohn & Co. AG decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.8% in the fourth quarter, Holdings Channel reports. The firm owned 59,188 shares of the auto manufacturer’s stock after selling 1,685 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in General Motors were worth $3,153,000 at the end of the most recent quarter.

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

General Motors Trading Up 0.3 %

General Motors stock opened at $47.18 on Wednesday. The firm has a market cap of $46.94 billion, a PE ratio of 7.67, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The stock’s 50 day simple moving average is $48.68 and its two-hundred day simple moving average is $50.62. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. General Motors’s payout ratio is 7.80%.

General Motors declared that its board has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has an average rating of “Hold” and a consensus target price of $62.11.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.