Xact Kapitalforvaltning AB boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,735 shares of the auto manufacturer’s stock after acquiring an additional 11,002 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in General Motors were worth $10,483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in General Motors by 26.7% during the fourth quarter. Franklin Resources Inc. now owns 21,868,641 shares of the auto manufacturer’s stock valued at $896,398,000 after buying an additional 4,611,023 shares during the period. Dimensional Fund Advisors LP boosted its position in General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares during the period. Bank of New York Mellon Corp boosted its position in General Motors by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,020,001 shares of the auto manufacturer’s stock valued at $451,709,000 after buying an additional 110,658 shares during the period. Janus Henderson Group PLC boosted its position in General Motors by 5.5% during the third quarter. Janus Henderson Group PLC now owns 10,815,151 shares of the auto manufacturer’s stock valued at $436,729,000 after buying an additional 567,980 shares during the period. Finally, Legal & General Group Plc boosted its position in General Motors by 0.7% during the third quarter. Legal & General Group Plc now owns 7,828,786 shares of the auto manufacturer’s stock valued at $316,139,000 after buying an additional 56,115 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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General Motors stock traded down $0.36 during trading on Thursday, hitting $37.22. 730,681 shares of the stock were exchanged, compared to its average volume of 13,370,114. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $51,758.25, a price-to-earnings ratio of -13.00, a P/E/G ratio of 0.71 and a beta of 1.60. General Motors has a one year low of $31.92 and a one year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. During the same period in the prior year, the business posted $1.28 earnings per share. General Motors’s revenue for the quarter was down 7.7% on a year-over-year basis. sell-side analysts anticipate that General Motors will post 6.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.08%. General Motors’s dividend payout ratio (DPR) is presently -52.59%.

In other General Motors news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas S. Timko sold 8,461 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $42.06, for a total transaction of $355,869.66. Following the completion of the sale, the chief accounting officer now owns 33,519 shares of the company’s stock, valued at $1,409,809.14. The disclosure for this sale can be found here. Insiders sold 40,289,848 shares of company stock valued at $1,600,694,061 over the last 90 days. 0.04% of the stock is currently owned by company insiders.

Several analysts have issued reports on GM shares. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $42.96 price target for the company. in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Cascend Securities lowered shares of General Motors to a “buy” rating in a research report on Tuesday, December 5th. JPMorgan Chase & Co. restated an “overweight” rating and set a $55.00 price target (down from $56.00) on shares of General Motors in a research report on Tuesday, March 13th. Finally, Barclays restated a “buy” rating and set a $61.00 price target on shares of General Motors in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. General Motors has a consensus rating of “Buy” and an average target price of $44.79.

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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.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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