Charles Schwab Investment Management Inc. Has $370.97 Million Holdings in General Motors (NYSE:GM)

Charles Schwab Investment Management Inc. increased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,327,552 shares of the auto manufacturer’s stock after acquiring an additional 558,765 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.89% of General Motors worth $370,966,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in General Motors by 18.5% during the fourth quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock worth $17,064,000 after buying an additional 74,194 shares during the last quarter. Cerity Partners LLC raised its position in General Motors by 361.1% in the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after buying an additional 93,754 shares during the last quarter. Foundry Partners LLC boosted its holdings in General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after acquiring an additional 51,336 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of General Motors by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock worth $4,859,000 after acquiring an additional 14,002 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in shares of General Motors by 195.0% in the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock valued at $1,483,000 after purchasing an additional 27,300 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were 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 $3,236,361.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Wedbush boosted their target price on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group raised their price target on shares of General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Stock Down 0.2 %

Shares of General Motors stock traded down $0.08 during midday trading on Wednesday, hitting $45.20. The company had a trading volume of 3,816,548 shares, compared to its average volume of 16,865,334. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The company has a 50 day moving average of $43.05 and a 200 day moving average of $37.11. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17. The stock has a market capitalization of $51.57 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.53 and a beta of 1.49.

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

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors’s dividend payout ratio (DPR) is 5.87%.

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.