Union Bancaire Privee UBP SA Makes New Investment in General Motors (NYSE:GM)

Union Bancaire Privee UBP SA acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,615 shares of the auto manufacturer’s stock, valued at approximately $505,000.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors in the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors during the third quarter valued at about $27,000. Truvestments Capital LLC acquired a new position in shares of General Motors in the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Motors in the fourth quarter worth about $31,000. Finally, Eastern Bank purchased a new position in shares of General Motors in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GM. Wells Fargo & Company decreased their price objective on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, December 16th. UBS Group lifted their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada upped 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. Finally, Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.17.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by company insiders.

General Motors Stock Performance

Shares of GM opened at $50.07 on Wednesday. The company has a market capitalization of $55.06 billion, a PE ratio of 5.34, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a one year low of $34.93 and a one year high of $61.24. The company’s fifty day moving average price is $53.14 and its 200 day moving average price is $49.95.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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 expect that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed 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 is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. General Motors’s payout ratio is 5.12%.

About General Motors

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.