General Motors (NYSE:GM) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 65.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,930 shares of the auto manufacturer's stock after purchasing an additional 25,639 shares during the quarter. Vontobel Holding Ltd.'s holdings in General Motors were worth $3,459,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GM. Bleakley Financial Group LLC boosted its position in General Motors by 2.6% during the third quarter. Bleakley Financial Group LLC now owns 18,026 shares of the auto manufacturer's stock worth $808,000 after purchasing an additional 449 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in General Motors by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,059 shares of the auto manufacturer's stock worth $6,504,000 after purchasing an additional 3,176 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in General Motors by 43.2% during the third quarter. Aaron Wealth Advisors LLC now owns 6,797 shares of the auto manufacturer's stock worth $305,000 after purchasing an additional 2,052 shares in the last quarter. Accurate Wealth Management LLC raised its holdings in shares of General Motors by 102.2% during the third quarter. Accurate Wealth Management LLC now owns 16,174 shares of the auto manufacturer's stock valued at $774,000 after acquiring an additional 8,175 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of General Motors by 204.9% during the third quarter. Blue Trust Inc. now owns 7,654 shares of the auto manufacturer's stock valued at $356,000 after acquiring an additional 5,144 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was acquired at an average price 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 $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

General Motors Trading Down 0.8 %

General Motors stock traded down $0.36 during mid-day trading on Wednesday, hitting $47.77. The company's stock had a trading volume of 6,832,460 shares, compared to its average volume of 10,818,463. The firm has a market capitalization of $47.53 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. General Motors has a 1 year low of $38.13 and a 1 year high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock's fifty day moving average is $50.90 and its two-hundred day moving average is $50.13.

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 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors's dividend payout ratio is currently 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of a number of research analyst reports. 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. HSBC cut General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Barclays increased their target price on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein increased their target price on General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $59.71.

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.