KBC Group NV Trims Holdings in General Motors (NYSE:GM)

KBC Group NV decreased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,958 shares of the auto manufacturer's stock after selling 17,034 shares during the quarter. KBC Group NV's holdings in General Motors were worth $9,587,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GM. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of General Motors by 972.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock worth $94,300,000 after buying an additional 1,906,964 shares during the last quarter. Jennison Associates LLC raised its position in General Motors by 123.1% during the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after acquiring an additional 1,779,897 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of General Motors by 581.4% in the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer's stock valued at $71,827,000 after purchasing an additional 1,366,768 shares during the last quarter. National Bank of Canada FI increased its stake in shares of General Motors by 158.8% during the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock worth $97,374,000 after purchasing an additional 1,332,450 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of General Motors by 6.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock worth $774,766,000 after purchasing an additional 989,750 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. StockNews.com raised shares of General Motors from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and upped their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.28.

General Motors Price Performance

Shares of GM traded down $1.32 during trading hours on Thursday, hitting $48.46. 7,255,963 shares of the company were exchanged, compared to its average volume of 10,217,157. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24. The company has a market cap of $53.29 billion, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.38 and a beta of 1.42. The firm's fifty day moving average is $52.94 and its 200 day moving average is $49.95.

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, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. On average, equities analysts anticipate that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company's stock, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. Corporate insiders own 0.72% of the company's stock.

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.