Qtron Investments LLC Trims Stake in General Motors (NYSE:GM)

Qtron Investments LLC trimmed its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,132 shares of the auto manufacturer's stock after selling 6,206 shares during the period. Qtron Investments LLC's holdings in General Motors were worth $1,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in General Motors during the fourth quarter valued at $25,000. Crews Bank & Trust bought a new stake in General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new stake in General Motors during the fourth quarter valued at approximately $27,000. Whittier Trust Co. boosted its stake 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 worth $27,000 after acquiring an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its holdings in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

General Motors stock traded up $0.97 during trading on Thursday, reaching $45.19. The company had a trading volume of 4,663,405 shares, compared to its average volume of 13,524,650. 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 $44.96 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The firm's 50-day simple moving average is $47.18 and its 200 day simple moving average is $50.29.

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 earnings per share for the quarter, topping 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 research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio is currently 7.80%.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Barclays cut shares of General Motors from an "overweight" rating to a "negative" rating in a research note on Tuesday. Finally, Cowen assumed coverage on shares of General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $56.72.

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.