Blue Trust Inc. Reduces Position in General Motors (NYSE:GM)

Blue Trust Inc. cut its position in General Motors (NYSE:GM) (TSE:GMM.U) by 73.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,069 shares of the auto manufacturer’s stock after selling 5,585 shares during the period. Blue Trust Inc.’s holdings in General Motors were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Foundations Investment Advisors LLC grew its position in shares of General Motors by 2.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 13,212 shares of the auto manufacturer’s stock valued at $592,000 after buying an additional 292 shares during the last quarter. Eastern Bank purchased a new position in shares of General Motors in the 3rd quarter valued at $34,000. International Assets Investment Management LLC grew its position in shares of General Motors by 4,826.5% in the 3rd quarter. International Assets Investment Management LLC now owns 549,261 shares of the auto manufacturer’s stock valued at $24,629,000 after buying an additional 538,112 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of General Motors by 86.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 569,633 shares of the auto manufacturer’s stock valued at $25,542,000 after buying an additional 264,880 shares during the last quarter. Finally, Legacy Capital Group California Inc. grew its position in shares of General Motors by 54.0% in the 3rd quarter. Legacy Capital Group California Inc. now owns 6,801 shares of the auto manufacturer’s stock valued at $305,000 after buying an additional 2,384 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Down 3.3 %

GM stock opened at $46.31 on Friday. General Motors has a one year low of $38.94 and a one year high of $61.24. The stock has a market capitalization of $46.07 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a fifty day moving average of $50.68 and a 200-day moving average of $50.22.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. General Motors’s dividend payout ratio is presently 7.80%.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.71.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

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.