Blueshift Asset Management LLC Sells 31,980 Shares of General Motors (NYSE:GM)

Blueshift Asset Management LLC cut its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 56.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,970 shares of the auto manufacturer's stock after selling 31,980 shares during the period. Blueshift Asset Management LLC's holdings in General Motors were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GM. Blue Trust Inc. raised its position in General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after buying an additional 1,510 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in shares of General Motors in the fourth quarter worth approximately $474,000. Asset Management One Co. Ltd. grew its stake in shares of General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after acquiring an additional 39,474 shares during the period. Avantra Family Wealth Inc. purchased a new position in shares of General Motors during the fourth quarter valued at approximately $1,044,000. Finally, Handelsbanken Fonder AB lifted its position in General Motors by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after purchasing an additional 19,924 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on GM shares. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Morgan Stanley raised General Motors from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. The Goldman Sachs Group set a $73.00 price target on General Motors in a research note on Saturday, March 1st. Finally, StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.06.

General Motors Price Performance

NYSE GM traded up $1.67 during trading hours on Monday, reaching $51.47. The company's stock had a trading volume of 16,019,674 shares, compared to its average volume of 12,893,087. 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 firm's 50-day moving average price is $49.05 and its 200-day moving average price is $50.51. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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%. On average, equities research analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. General Motors's dividend payout ratio is presently 7.80%.

General Motors declared that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by insiders.

General Motors 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.