Commerzbank Aktiengesellschaft FI Cuts Stake in General Motors (NYSE:GM)

Commerzbank Aktiengesellschaft FI lowered its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,601 shares of the auto manufacturer’s stock after selling 561 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in General Motors were worth $408,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new position in shares of General Motors during the fourth quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. increased its stake in shares of 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, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho lifted 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. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.71.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost 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 $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

General Motors Trading Up 7.2 %

General Motors stock opened at $48.48 on Thursday. 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 has a 52 week low of $38.94 and a 52 week high of $61.24. The company has a market capitalization of $48.24 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The stock has a 50-day moving average price of $49.98 and a 200 day moving average price of $50.45.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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 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. Shareholders of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is presently 7.80%.

General Motors announced that its board has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

General Motors Company 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.