Banco de Sabadell S.A bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,296 shares of the auto manufacturer’s stock, valued at approximately $1,036,000.
Other hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC acquired a new stake in General Motors during the 4th quarter valued at $368,000. Lake Street Advisors Group LLC acquired a new stake in General Motors during the 4th quarter valued at $387,000. DF Dent & Co. Inc. acquired a new stake in General Motors during the 4th quarter valued at $358,000. MetLife Investment Advisors LLC acquired a new stake in General Motors during the 4th quarter valued at $16,213,000. Finally, Gotham Asset Management LLC grew its holdings in General Motors by 21.3% during the 4th quarter. Gotham Asset Management LLC now owns 1,434,684 shares of the auto manufacturer’s stock worth $58,808,000 after acquiring an additional 251,828 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on GM shares. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $42.96 price objective for the company. in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cascend Securities lowered shares of General Motors to a “buy” rating in a report on Tuesday, December 5th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $55.00 price objective (down from $56.00) on shares of General Motors in a report on Tuesday, March 13th. Finally, Barclays reissued a “buy” rating and set a $61.00 price objective on shares of General Motors in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.79.
In related news, CAO Thomas S. Timko sold 8,461 shares of General Motors stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $42.06, for a total value of $355,869.66. Following the sale, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $40.88, for a total transaction of $1,430,800.00. Following the completion of the sale, the chief financial officer now owns 26,052 shares in the company, valued at $1,065,005.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,289,848 shares of company stock worth $1,600,694,061. 0.04% of the stock is currently owned by insiders.
General Motors (NYSE GM) opened at $36.35 on Friday. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. The company has a market cap of $51,758.25, a PE ratio of -12.58, a PEG ratio of 0.71 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. During the same period in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. analysts anticipate that General Motors will post 6.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is presently -52.59%.
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General Motors Profile
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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