APG Asset Management N.V. Cuts Stake in General Motors (NYSE:GM)

APG Asset Management N.V. reduced its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 58.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,334 shares of the auto manufacturer's stock after selling 99,889 shares during the quarter. APG Asset Management N.V.'s holdings in General Motors were worth $3,618,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the 4th quarter worth about $27,000. Duncker Streett & Co. Inc. raised its stake in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 1.9 %

General Motors stock traded up $0.84 during mid-day trading on Thursday, hitting $45.06. The company had a trading volume of 3,049,310 shares, compared to its average volume of 13,518,124. The stock's 50 day moving average price is $47.18 and its two-hundred day moving average price is $50.29. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $44.83 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates 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 anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, March 7th. General Motors's payout ratio is currently 7.80%.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Cowen initiated coverage on shares of General Motors in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, TD Cowen started coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $56.72.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

General Motors Company 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.