Vontobel Holding Ltd. Buys 36,629 Shares of General Motors (NYSE:GM)

Vontobel Holding Ltd. lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,200 shares of the auto manufacturer’s stock after acquiring an additional 36,629 shares during the period. Vontobel Holding Ltd.’s holdings in General Motors were worth $8,233,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board raised its position 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. Foundry Partners LLC increased its position in General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock valued at $12,992,000 after buying an additional 51,336 shares in the last quarter. Lmcg Investments LLC increased its position in General Motors by 108.7% during the 3rd quarter. Lmcg Investments LLC now owns 166,974 shares of the auto manufacturer’s stock valued at $5,505,000 after buying an additional 86,967 shares in the last quarter. Brookstone Capital Management increased its position in General Motors by 27.7% during the 3rd quarter. Brookstone Capital Management now owns 139,318 shares of the auto manufacturer’s stock valued at $4,593,000 after buying an additional 30,247 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in General Motors by 15.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,164 shares of the auto manufacturer’s stock valued at $581,000 after buying an additional 2,218 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.03, for a total value of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is owned by company insiders.

General Motors Stock Performance

NYSE GM opened at $42.65 on Wednesday. The stock has a market capitalization of $49.24 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 0.52 and a beta of 1.51. General Motors has a twelve month low of $26.30 and a twelve month high of $46.04. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average of $41.42 and a 200 day moving average of $35.64.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The company had revenue of $42.98 billion during the quarter, compared to analysts’ expectations of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. General Motors’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. Sell-side analysts anticipate that General Motors will post 9.08 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were issued a $0.12 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. General Motors’s dividend payout ratio is presently 6.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GM. Tigress Financial upped their target price on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 15th. Wells Fargo & Company boosted their price target on General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Redburn Atlantic initiated coverage on General Motors in a research note on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price target on the stock. Royal Bank of Canada boosted their price target on General Motors from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley boosted their price target on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.57.

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.