Vontobel Holding Ltd. Purchases 25,639 Shares of General Motors (NYSE:GM)

Vontobel Holding Ltd. lifted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 65.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,930 shares of the auto manufacturer’s stock after purchasing an additional 25,639 shares during the quarter. Vontobel Holding Ltd.’s holdings in General Motors were worth $3,459,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its position in General Motors by 2.6% in the third quarter. Bleakley Financial Group LLC now owns 18,026 shares of the auto manufacturer’s stock worth $808,000 after acquiring an additional 449 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of General Motors by 2.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,059 shares of the auto manufacturer’s stock valued at $6,504,000 after buying an additional 3,176 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of General Motors by 43.2% during the third quarter. Aaron Wealth Advisors LLC now owns 6,797 shares of the auto manufacturer’s stock valued at $305,000 after buying an additional 2,052 shares during the period. Accurate Wealth Management LLC boosted its position in shares of General Motors by 102.2% during the third quarter. Accurate Wealth Management LLC now owns 16,174 shares of the auto manufacturer’s stock valued at $774,000 after buying an additional 8,175 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of General Motors by 204.9% during the third quarter. Blue Trust Inc. now owns 7,654 shares of the auto manufacturer’s stock valued at $356,000 after buying an additional 5,144 shares during the period. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

Shares of GM opened at $48.33 on Monday. The firm has a market capitalization of $48.09 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1-year low of $38.13 and a 1-year high of $61.24. The company’s fifty day moving average price is $51.16 and its 200-day moving average price is $50.02.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts predict that General Motors will post 11.28 EPS for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on GM shares. Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Sanford C. Bernstein lifted their price target on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on shares of General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, General Motors presently has an average rating of “Hold” and a consensus price target of $59.71.

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.