KBC Group NV Has $8.83 Million Stake in General Motors (NYSE:GM)

KBC Group NV grew its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,992 shares of the auto manufacturer's stock after purchasing an additional 25,117 shares during the period. KBC Group NV's holdings in General Motors were worth $8,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors grew its stake in General Motors by 14.6% during the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock worth $2,211,609,000 after buying an additional 6,201,777 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in General Motors by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer's stock worth $601,730,000 after buying an additional 135,717 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of General Motors by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock valued at $600,291,000 after purchasing an additional 1,091,137 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of General Motors by 3.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock valued at $498,310,000 after buying an additional 421,989 shares in the last quarter. Finally, LSV Asset Management raised its position in General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer's stock worth $411,052,000 after acquiring an additional 223,260 shares during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group increased their price objective on General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Nomura downgraded shares of General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 price target on the stock. in a research note on Monday, August 5th. DZ Bank lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research note on Friday, October 11th. Barclays upped their price target on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley downgraded General Motors from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $47.00 to $42.00 in a research report on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $56.92.

General Motors Stock Performance

Shares of NYSE:GM traded down $0.58 on Friday, hitting $57.04. The company's stock had a trading volume of 12,624,965 shares, compared to its average volume of 13,206,090. General Motors has a 12 month low of $27.42 and a 12 month high of $59.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market capitalization of $62.72 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The stock's 50-day moving average is $49.72 and its two-hundred day moving average is $47.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 EPS. On average, equities research analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's payout ratio is currently 5.12%.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the sale, the executive vice president now directly owns 10,356 shares of the company's stock, valued at $489,942.36. This represents a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares of the company's stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 653,511 shares of company stock worth $35,012,844. Company insiders own 0.72% of the company's stock.

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.