B. Metzler seel. Sohn & Co. AG Decreases Stock Holdings in General Motors (NYSE:GM)

B. Metzler seel. Sohn & Co. AG lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,188 shares of the auto manufacturer’s stock after selling 1,685 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in General Motors were worth $3,153,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in General Motors in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the fourth quarter worth approximately $27,000. Duncker Streett & Co. Inc. grew its position in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares during the period. Finally, Whittier Trust Co. increased its holdings in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 425 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

GM stock opened at $47.18 on Wednesday. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The firm has a market capitalization of $46.94 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a fifty day simple moving average of $48.68 and a two-hundred day simple moving average of $50.62. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. General Motors’s dividend payout ratio is presently 7.80%.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. UBS Group restated a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a report on Saturday, March 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of “Hold” and an average price target of $62.11.

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.