Swiss National Bank Sells 168,700 Shares of General Motors (GM)

Swiss National Bank lowered its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,838,157 shares of the auto manufacturer’s stock after selling 168,700 shares during the period. Swiss National Bank’s holdings in General Motors were worth $198,316,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. lifted its position in General Motors by 181.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after buying an additional 1,166,696 shares during the period. Dimensional Fund Advisors LP raised its position in shares of General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after purchasing an additional 331,621 shares during the last quarter. Lehman Financial Resources Inc. raised its position in shares of General Motors by 6.4% in the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock worth $2,731,000 after purchasing an additional 4,050 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of General Motors in the 3rd quarter worth about $701,000. Finally, Xact Kapitalforvaltning AB raised its position in shares of General Motors by 1.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 244,733 shares of the auto manufacturer’s stock worth $9,882,000 after purchasing an additional 3,630 shares during the last quarter. 72.49% of the stock is owned by institutional investors and hedge funds.

GM has been the subject of several recent analyst reports. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.10 price target for the company. in a research report on Tuesday, December 26th. Zacks Investment Research lowered General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Barclays reaffirmed a “buy” rating and issued a $61.00 price target on shares of General Motors in a research report on Tuesday, January 9th. Deutsche Bank reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Finally, Bank of America reaffirmed a “buy” rating and issued a $57.00 price target on shares of General Motors in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. General Motors currently has an average rating of “Hold” and a consensus target price of $44.32.

Shares of General Motors (NYSE GM) opened at $41.46 on Friday. The stock has a market capitalization of $59,920.00, a PE ratio of -1,382.00, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.79 and a current ratio of 0.89.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.31. The business had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. equities research analysts anticipate that General Motors will post 6.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. General Motors’s dividend payout ratio is currently -5,066.67%.

In related news, insider Mark L. Reuss sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the transaction, the insider now directly owns 103,052 shares in the company, valued at approximately $4,440,510.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stefan Jacoby sold 37,961 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total value of $1,627,388.07. Following the transaction, the executive vice president now owns 98,340 shares of the company’s stock, valued at $4,215,835.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,847 shares of company stock valued at $7,363,108. Corporate insiders own 0.04% of the company’s stock.

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General Motors Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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

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