General Motors (NYSE:GM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 22.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,104,115 shares of the auto manufacturer's stock after selling 326,552 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of General Motors worth $56,836,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of General Motors by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock valued at $1,055,395,000 after acquiring an additional 106,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in General Motors by 6.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock valued at $774,766,000 after purchasing an additional 989,750 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in General Motors by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock valued at $498,310,000 after purchasing an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of General Motors by 6.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock valued at $259,988,000 after buying an additional 358,507 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in General Motors by 38.7% during the fourth quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer's stock worth $217,855,000 after purchasing an additional 1,140,569 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on GM shares. Barclays raised their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Hsbc Global Res cut shares of General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and lifted their target price for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus price target of $61.28.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares of the company's stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

General Motors Price Performance

General Motors stock traded up $0.44 during mid-day trading on Friday, hitting $48.33. 5,623,496 shares of the company were exchanged, compared to its average volume of 11,079,392. The business has a fifty day moving average of $51.26 and a 200 day moving average of $49.95. 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 $48.09 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. General Motors has a 1-year low of $38.13 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts expect that General Motors will post 11.28 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

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.