General Motors (NYSE:GM) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,374 shares of the auto manufacturer’s stock after selling 28,449 shares during the quarter. Amalgamated Bank’s holdings in General Motors were worth $11,975,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Summit Global Investments increased its stake in shares of General Motors by 10.2% in the 4th quarter. Summit Global Investments now owns 12,020 shares of the auto manufacturer’s stock valued at $432,000 after purchasing an additional 1,109 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of General Motors by 1,232.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 96,077 shares of the auto manufacturer’s stock valued at $3,451,000 after buying an additional 88,868 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of General Motors by 14.8% during the 4th quarter. Natixis Advisors L.P. now owns 1,273,773 shares of the auto manufacturer’s stock worth $45,753,000 after buying an additional 164,318 shares during the period. Fisher Asset Management LLC lifted its position in shares of General Motors by 0.5% during the 4th quarter. Fisher Asset Management LLC now owns 6,497,100 shares of the auto manufacturer’s stock valued at $233,376,000 after buying an additional 30,641 shares in the last quarter. Finally, Rogco LP grew its stake in General Motors by 86.9% in the 4th quarter. Rogco LP now owns 3,412 shares of the auto manufacturer’s stock valued at $123,000 after acquiring an additional 1,586 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Up 0.4 %

Shares of General Motors stock traded up $0.19 on Friday, reaching $44.86. The company had a trading volume of 10,046,006 shares, compared to its average volume of 14,174,765. The firm’s 50 day moving average price is $42.74 and its two-hundred day moving average price is $36.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17. The firm has a market cap of $51.18 billion, a PE ratio of 5.48, a PEG ratio of 0.52 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio is currently 5.87%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 over the last three months. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Redburn Atlantic started coverage on shares of General Motors in a report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Citigroup boosted their price objective on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Sanford C. Bernstein began coverage on General Motors in a research report on Thursday, April 25th. They issued an “outperform” rating and a $55.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $54.65.

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.