General Motors Company $GM Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.2% in the first quarter, HoldingsChannel reports. The fund owned 851,593 shares of the auto manufacturer’s stock after buying an additional 85,556 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in General Motors were worth $40,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hohimer Wealth Management LLC grew its holdings in shares of General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after purchasing an additional 230 shares during the period. HHM Wealth Advisors LLC grew its holdings in shares of General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after purchasing an additional 232 shares during the period. Aaron Wealth Advisors LLC grew its holdings in shares of General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after purchasing an additional 235 shares during the period. Burford Brothers Inc. grew its holdings in shares of General Motors by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer’s stock worth $410,000 after purchasing an additional 241 shares during the period. Finally, Royal Capital Wealth Management LLC grew its holdings in shares of General Motors by 5.3% during the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer’s stock worth $270,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $56.26 on Tuesday. The business’s 50 day moving average is $51.87 and its two-hundred day moving average is $48.95. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The firm has a market cap of $53.56 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.19 and a beta of 1.36. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the prior year, the company posted $3.06 EPS. General Motors’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors’s dividend payout ratio is currently 9.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GM. The Goldman Sachs Group reiterated a “buy” rating on shares of General Motors in a report on Friday, July 11th. Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. BNP Paribas upgraded General Motors to a “strong-buy” rating in a report on Monday, May 5th. CLSA upgraded General Motors to a “moderate buy” rating in a report on Monday, July 7th. Finally, Barclays upped their price target on General Motors from $45.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $57.53.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.