9,615 Shares in General Motors (NYSE:GM) Acquired by Union Bancaire Privee UBP SA

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new stake in General Motors during the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors during the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter valued at $27,000. Finally, Compass Planning Associates Inc purchased a new stake in General Motors during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of General Motors stock opened at $46.55 on Tuesday. General Motors has a one year low of $38.94 and a one year high of $61.24. The stock’s fifty day moving average is $50.57 and its 200 day moving average is $50.32. The stock has a market cap of $46.31 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results 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 15.29% and a net margin of 3.21%. Sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors’s dividend payout ratio is presently 7.80%.

Analyst Ratings Changes

Several brokerages have commented on GM. Mizuho increased their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, General Motors presently has an average rating of “Hold” and an average target price of $59.71.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

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.