Swiss National Bank Reduces Holdings in General Motors (NYSE:GM)

Swiss National Bank trimmed its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,175,100 shares of the auto manufacturer's stock after selling 209,900 shares during the period. Swiss National Bank owned 0.32% of General Motors worth $169,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GM. Geode Capital Management LLC lifted its position in General Motors by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock valued at $1,055,395,000 after acquiring an additional 106,878 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in General Motors by 6.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock valued at $774,766,000 after acquiring an additional 989,750 shares during the period. ACR Alpine Capital Research LLC lifted its position in General Motors by 39.8% during the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock valued at $394,060,000 after acquiring an additional 2,104,528 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in General Motors by 6.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock valued at $259,988,000 after acquiring an additional 358,507 shares during the period. Finally, Amundi raised its holdings in General Motors by 75.5% in the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after buying an additional 2,113,973 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of NYSE GM opened at $47.09 on Friday. The firm has a 50 day moving average of $49.30 and a 200 day moving average of $50.47. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24. The firm has a market capitalization of $46.85 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42.

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

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio is currently 7.80%.

General Motors announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Mizuho lifted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, TD Cowen assumed coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, General Motors has an average rating of "Hold" and an average target price of $62.89.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction 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 purchase, the director now directly owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by company insiders.

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.

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