Itau Unibanco Holding S.A. Boosts Position in General Motors (GM)

Itau Unibanco Holding S.A. boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 140.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,197 shares of the auto manufacturer’s stock after purchasing an additional 38,114 shares during the period. Itau Unibanco Holding S.A.’s holdings in General Motors were worth $2,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank lifted its position in General Motors by 1.6% during the third quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock valued at $202,177,000 after purchasing an additional 81,000 shares during the period. Alyeska Investment Group L.P. increased its holdings in General Motors by 181.5% in the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after buying an additional 1,166,696 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in General Motors by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares in the last quarter. Lehman Financial Resources Inc. increased its holdings in General Motors by 6.4% in the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after buying an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in General Motors in the third quarter valued at $701,000. Institutional investors own 73.38% of the company’s stock.

In related news, insider Mark L. Reuss sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the sale, the insider now owns 103,052 shares of the company’s stock, valued at approximately $4,440,510.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 203,847 shares of company stock valued at $8,793,908. 0.04% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on GM shares. Piper Jaffray Companies set a $51.00 price objective on shares of General Motors and gave the company a “buy” rating in a report on Tuesday, October 24th. Morgan Stanley cut shares of General Motors from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $46.48 to $43.00 in a report on Wednesday, October 25th. Royal Bank of Canada lifted their price objective on shares of General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on shares of General Motors and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets raised shares of General Motors to a “market perform” rating and lifted their price objective for the company from $41.00 to $48.00 in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. General Motors currently has an average rating of “Hold” and an average target price of $44.44.

Shares of General Motors (GM) opened at $41.09 on Friday. The company has a market cap of $58,360.00, a PE ratio of 7.98, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89. General Motors has a one year low of $31.92 and a one year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.31. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. research analysts forecast that General Motors will post 6.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.70%. General Motors’s dividend payout ratio is currently 29.51%.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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