General Motors (NYSE:GM) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,151,935 shares of the auto manufacturer's stock after selling 655,447 shares during the period. Invesco Ltd. owned about 1.32% of General Motors worth $700,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new stake in General Motors during the fourth quarter worth about $26,000. Compass Planning Associates Inc purchased a new stake in General Motors during the fourth quarter worth about $27,000. Duncker Streett & Co. Inc. increased its holdings in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company's stock.

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General Motors Trading Down 0.2 %

General Motors stock traded down $0.08 during trading on Friday, reaching $43.65. The company had a trading volume of 10,731,393 shares, compared to its average volume of 13,549,381. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a market capitalization of $43.43 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.27. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The stock's 50 day moving average price is $47.36 and its two-hundred day moving average price is $50.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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%. As a group, equities analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.10%. General Motors's dividend payout ratio (DPR) is 7.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GM shares. UBS Group restated a "neutral" rating and issued a $51.00 price target (down previously from $64.00) on shares of General Motors in a report on Thursday. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $50.00 to $35.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. The Goldman Sachs Group lowered their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Mizuho cut their target price on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.33.

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.