Swedbank AB Has $71.95 Million Stake in General Motors (NYSE:GM)

Swedbank AB lowered its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,690 shares of the auto manufacturer’s stock after selling 213,285 shares during the period. Swedbank AB’s holdings in General Motors were worth $71,951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning raised its holdings in shares of General Motors by 36.2% in the 2nd quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock worth $8,839,000 after buying an additional 50,543 shares in the last quarter. NewEdge Advisors LLC grew its position in General Motors by 51.3% in the second quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock valued at $1,529,000 after acquiring an additional 11,164 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the second quarter worth $25,000. Sanctuary Advisors LLC bought a new position in shares of General Motors during the second quarter valued at $13,924,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of General Motors in the 2nd quarter valued at $1,580,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $49.85 on Thursday. The firm’s 50 day moving average price is $53.04 and its two-hundred day moving average price is $49.95. The stock has a market cap of $54.82 billion, a PE ratio of 5.31, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a 52-week low of $37.40 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly 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 return on equity of 16.30% and a net margin of 6.06%. As a group, analysts forecast that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared 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 0.96%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction dated 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 transaction, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock worth $28,977,691 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their target price on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised their price target on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.28.

General Motors 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.