Banco Santander S.A. Reduces Stock Position in General Motors (NYSE:GM)

Banco Santander S.A. reduced its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 98.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,620 shares of the auto manufacturer's stock after selling 368,904 shares during the period. Banco Santander S.A.'s holdings in General Motors were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in General Motors during the fourth quarter worth $26,000. Truvestments Capital LLC bought a new stake in General Motors during the third quarter worth $27,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the 4th quarter valued at $27,000. Finally, Duncker Streett & Co. Inc. raised its holdings in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Down 1.1 %

General Motors stock traded down $0.51 during midday trading on Wednesday, reaching $47.77. The stock had a trading volume of 4,681,820 shares, compared to its average volume of 12,126,806. The company has a fifty day moving average price of $49.49 and a two-hundred day moving average price of $50.51. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. 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 $47.53 billion, a P/E ratio of 7.77, a PEG ratio of 0.67 and a beta of 1.42.

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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, equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors's payout ratio is 7.80%.

General Motors announced that its board has approved a stock buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Cowen initiated coverage on General Motors in a research note on Thursday, March 6th. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, General Motors has an average rating of "Hold" and an average price target of $62.89.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.72% of the company's stock.

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.