BDF Gestion Has $2.93 Million Position in General Motors (NYSE:GM)

BDF Gestion reduced its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,980 shares of the auto manufacturer's stock after selling 7,140 shares during the quarter. BDF Gestion's holdings in General Motors were worth $2,929,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors during the second quarter worth approximately $25,000. Sugar Maple Asset Management LLC purchased a new stake in General Motors during the fourth quarter worth approximately $31,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors during the third quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the third quarter worth approximately $27,000. Finally, Eastern Bank purchased a new stake in General Motors during the third quarter worth approximately $34,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GM shares. Wells Fargo & Company boosted their price objective on shares of General Motors from $35.00 to $37.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. 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. Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Barclays boosted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of "Hold" and an average price target of $61.28.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock worth $28,977,691 over the last ninety days. Company insiders own 0.72% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded down $1.56 during midday trading on Monday, hitting $47.90. 28,519,240 shares of the company's stock were exchanged, compared to its average volume of 12,047,119. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock's 50 day moving average price is $52.64 and its 200-day moving average price is $49.95. The firm has a market cap of $47.66 billion, a P/E ratio of 7.79, a PEG ratio of 0.69 and a beta of 1.40. General Motors has a twelve month low of $37.60 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that General Motors will post 11.41 EPS for the current year.

General Motors Announces Dividend

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

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.