Free Trial

General Motors (NYSE:GM) Stock Holdings Lessened by Robeco Institutional Asset Management B.V.

General Motors logo with Auto/Tires/Trucks background

Robeco Institutional Asset Management B.V. cut its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,265,919 shares of the auto manufacturer's stock after selling 37,189 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.12% of General Motors worth $67,436,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the sale, the president now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 514,344 shares of company stock valued at $28,977,691. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on GM shares. Sanford C. Bernstein increased their price target on shares of General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Wedbush increased their target price on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. DZ Bank cut General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a report on Friday, October 11th. 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 report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of General Motors from a "hold" rating to a "buy" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.28.

Check Out Our Latest Research Report on GM

General Motors Trading Down 0.1 %

Shares of NYSE:GM traded down $0.05 during trading on Friday, reaching $49.46. 20,561,194 shares of the stock were exchanged, compared to its average volume of 9,374,816. The firm's 50-day moving average price is $52.64 and its 200 day moving average price is $49.95. The firm has a market cap of $49.21 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.28 and a beta of 1.42. General Motors has a 12-month low of $37.60 and a 12-month high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that General Motors will post 11.45 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.97%. General Motors's dividend payout ratio (DPR) is currently 7.80%.

General Motors Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Should You Invest $1,000 in General Motors Right Now?

Before you consider General Motors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.

While General Motors currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines