Candriam Luxembourg S.C.A. boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 30.0% in the fourth quarter, HoldingsChannel reports. The firm owned 410,036 shares of the auto manufacturer’s stock after purchasing an additional 94,669 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in General Motors were worth $16,807,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GM. Macquarie Group Ltd. raised its stake in General Motors by 11.0% during the second quarter. Macquarie Group Ltd. now owns 79,000 shares of the auto manufacturer’s stock worth $2,759,000 after acquiring an additional 7,800 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in General Motors by 99.6% during the second quarter. Westwood Holdings Group Inc. now owns 17,665 shares of the auto manufacturer’s stock worth $617,000 after acquiring an additional 8,815 shares in the last quarter. Koch Industries Inc. acquired a new position in General Motors during the second quarter worth about $209,000. Cetera Investment Advisers raised its stake in General Motors by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock worth $602,000 after acquiring an additional 1,176 shares in the last quarter. Finally, WFG Advisors LP raised its stake in General Motors by 1,275.5% during the second quarter. WFG Advisors LP now owns 11,884 shares of the auto manufacturer’s stock worth $415,000 after acquiring an additional 11,020 shares in the last quarter. 72.49% of the stock is owned by institutional investors and hedge funds.

In other news, insider Mark L. Reuss sold 30,000 shares of the company’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 value of $1,292,700.00. Following the completion of the transaction, the insider now owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $43.08, for a total value of $2,173,084.44. Following the completion of the sale, the insider now owns 57,091 shares in the company, valued at $2,459,480.28. The disclosure for this sale can be found here. Insiders sold 168,847 shares of company stock valued at $7,363,108 in the last ninety days. 0.04% of the stock is currently owned by insiders.

GM has been the subject of several research analyst reports. Piper Jaffray Companies set a $44.00 target price on General Motors and gave the stock a “buy” rating in a research note on Monday, October 16th. Morgan Stanley downgraded General Motors from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $46.48 to $43.00 in a research note on Wednesday, October 25th. Royal Bank of Canada boosted their target price on General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Craig Hallum set a $45.00 target price on General Motors and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets raised General Motors to a “market perform” rating and boosted their target price for the stock from $41.00 to $48.00 in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.32.

General Motors (GM) opened at $41.46 on Monday. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a quick ratio of 0.79, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $58,890.00, a P/E ratio of -1,382.00, a PEG ratio of 0.68 and a beta of 1.59.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $34.28 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. analysts expect that General Motors will post 6.24 EPS for the current fiscal year.

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

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About General Motors

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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