General Motors (NYSE:GM) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,519,716 shares of the auto manufacturer's stock after selling 157,192 shares during the period. Charles Schwab Investment Management Inc. owned about 0.96% of General Motors worth $507,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. increased its stake 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 acquiring an additional 1,510 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of General Motors by 15.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock valued at $510,000 after purchasing an additional 1,559 shares during the last quarter. Foster & Motley Inc. increased its position in shares of General Motors by 121.5% during the 3rd quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock valued at $2,115,000 after purchasing an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC increased its position in shares of General Motors by 115.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock valued at $8,001,000 after purchasing an additional 95,484 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new position in shares of General Motors during the 4th quarter valued at approximately $474,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GM shares. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. UBS Group reissued a "buy" rating on shares of General Motors in a research report on Monday, February 3rd. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price objective for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $62.22.

General Motors Stock Up 0.4 %

Shares of NYSE GM traded up $0.19 during mid-day trading on Friday, reaching $47.39. 13,822,155 shares of the company were exchanged, compared to its average volume of 11,861,842. 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 stock has a market cap of $47.16 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The firm has a 50-day moving average of $49.70 and a 200 day moving average of $50.44.

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 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%. On average, research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated 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 purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 7th. General Motors's dividend payout ratio (DPR) is currently 7.80%.

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.