GAM Holding AG Acquires New Holdings in General Motors (NYSE:GM)

GAM Holding AG acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,207 shares of the auto manufacturer's stock, valued at approximately $1,023,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in General Motors by 19.7% during the fourth 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 in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in General Motors by 15.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock worth $510,000 after buying an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. boosted its holdings in General Motors by 12.1% during the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock worth $73,070,000 after buying an additional 175,860 shares in the last quarter. Foster & Motley Inc. boosted its holdings in General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock worth $2,115,000 after buying an additional 25,869 shares in the last quarter. Finally, Stoneridge Investment Partners LLC boosted its holdings in General Motors by 115.1% during the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock worth $8,001,000 after buying an additional 95,484 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and increased their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. UBS Group upped their price objective 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. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Mizuho upped their price objective 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. Finally, Sanford C. Bernstein upped their price objective 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. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.71.

Insiders Place Their Bets

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

General Motors Stock Performance

GM stock traded down $1.59 on Friday, hitting $46.31. The company's stock had a trading volume of 6,773,091 shares, compared to its average volume of 10,552,047. The firm has a 50 day moving average of $50.81 and a two-hundred day moving average of $50.11. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The stock has a market cap of $46.07 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

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 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. 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 1.04%. General Motors's payout ratio is currently 7.80%.

About General Motors

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.