Handelsbanken Fonder AB Buys 74,194 Shares of General Motors (NYSE:GM)

Handelsbanken Fonder AB lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 18.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 475,061 shares of the auto manufacturer’s stock after buying an additional 74,194 shares during the period. Handelsbanken Fonder AB’s holdings in General Motors were worth $17,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares during the last quarter. Morgan Stanley lifted its stake in General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after purchasing an additional 201,080 shares during the last quarter. Northern Trust Corp lifted its stake in General Motors by 1.8% during the third quarter. Northern Trust Corp now owns 13,196,412 shares of the auto manufacturer’s stock worth $435,086,000 after purchasing an additional 237,359 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in General Motors by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,768,787 shares of the auto manufacturer’s stock worth $322,077,000 after purchasing an additional 197,750 shares during the last quarter. Finally, LSV Asset Management lifted its stake in General Motors by 1.7% during the third quarter. LSV Asset Management now owns 8,617,870 shares of the auto manufacturer’s stock worth $284,131,000 after purchasing an additional 144,886 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock opened at $43.25 on Tuesday. General Motors has a one year low of $26.30 and a one year high of $46.04. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 5.92, a PEG ratio of 0.50 and a beta of 1.51. The business has a 50-day simple moving average of $41.73 and a 200 day simple moving average of $35.96. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. On average, research analysts anticipate that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.11%. General Motors’s dividend payout ratio (DPR) is currently 6.57%.

Analyst Ratings Changes

GM has been the subject of a number of research reports. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Barclays increased their price target on General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Thursday, January 4th. Tigress Financial increased their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company increased their price target on General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.57.

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.