Swedbank AB Sells 213,285 Shares of General Motors (NYSE:GM)

Swedbank AB lessened its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,350,690 shares of the auto manufacturer's stock after selling 213,285 shares during the period. Swedbank AB owned about 0.12% of General Motors worth $71,951,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of General Motors by 2.3% in the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock valued at $412,000 after purchasing an additional 205 shares during the period. Avestar Capital LLC increased its stake in General Motors by 2.3% in the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock valued at $430,000 after buying an additional 213 shares during the period. Continuum Advisory LLC lifted its position in General Motors by 7.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock worth $131,000 after buying an additional 213 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of General Motors by 0.6% during the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer's stock valued at $1,625,000 after acquiring an additional 230 shares in the last quarter. Finally, Centaurus Financial Inc. increased its stake in shares of General Motors by 2.1% in the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer's stock worth $540,000 after acquiring an additional 238 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, 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. Insiders have sold 514,344 shares of company stock worth $28,977,691 over the last ninety days. Company insiders own 0.72% of the company's stock.

General Motors Price Performance

Shares of General Motors stock traded up $0.84 during midday trading on Thursday, reaching $50.62. The company had a trading volume of 4,091,062 shares, compared to its average volume of 10,074,345. The stock has a fifty day simple moving average of $52.94 and a 200 day simple moving average of $49.95. General Motors has a 1-year low of $37.60 and a 1-year high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results 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 16.30% and a net margin of 6.06%. As a group, equities research analysts forecast that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared 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 0.95%. The ex-dividend date is Friday, March 7th. General Motors's dividend payout ratio (DPR) is 7.80%.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent research reports. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. Wedbush upped their target price on General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price for the company. in a research note on Friday, October 11th. Finally, Mizuho lifted their price target on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.28.

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.