Chevy Chase Trust Holdings LLC Decreases Stock Holdings in General Motors (NYSE:GM)

Chevy Chase Trust Holdings LLC decreased its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 578,492 shares of the auto manufacturer's stock after selling 25,628 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of General Motors worth $30,816,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its holdings in shares of General Motors by 11.6% in the 4th quarter. V Square Quantitative Management LLC now owns 47,825 shares of the auto manufacturer's stock worth $2,548,000 after buying an additional 4,987 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of General Motors by 65.3% in the 4th quarter. Vontobel Holding Ltd. now owns 64,930 shares of the auto manufacturer's stock worth $3,459,000 after buying an additional 25,639 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of General Motors by 5.1% in the 4th quarter. Catalyst Financial Partners LLC now owns 5,671 shares of the auto manufacturer's stock worth $302,000 after buying an additional 277 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after buying an additional 39,474 shares during the last quarter. Finally, Intelligence Driven Advisers LLC purchased a new position in shares of General Motors in the 4th quarter worth about $241,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GM shares. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays increased 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 increased their target price on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and an average price target of $59.71.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

General Motors Price Performance

GM traded down $0.36 on Wednesday, reaching $47.77. The company had a trading volume of 6,831,427 shares, compared to its average volume of 10,818,291. The business has a 50 day simple moving average of $50.98 and a 200 day simple moving average of $50.14. The company has a market cap of $47.53 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 52-week low of $38.13 and a 52-week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, sell-side analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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