KBC Group NV Has $9.59 Million Holdings in General Motors (NYSE:GM)

KBC Group NV trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,958 shares of the auto manufacturer’s stock after selling 17,034 shares during the period. KBC Group NV’s holdings in General Motors were worth $9,587,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GM. Union Bancaire Privee UBP SA bought a new position in General Motors in the fourth quarter valued at about $505,000. Blue Trust Inc. grew its position in shares of General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after buying an additional 1,510 shares during the period. PFG Investments LLC raised its stake in shares of General Motors by 5.9% during the fourth quarter. PFG Investments LLC now owns 14,448 shares of the auto manufacturer’s stock worth $770,000 after buying an additional 806 shares during the last quarter. Drive Wealth Management LLC acquired a new position in General Motors in the fourth quarter valued at approximately $236,000. Finally, Guerra Pan Advisors LLC boosted its stake in General Motors by 43.0% in the fourth quarter. Guerra Pan Advisors LLC now owns 11,139 shares of the auto manufacturer’s stock valued at $593,000 after acquiring an additional 3,350 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Transactions at General Motors

In other news, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by corporate insiders.

General Motors Trading Down 0.4 %

GM stock opened at $49.85 on Thursday. General Motors has a 52 week low of $37.40 and a 52 week high of $61.24. The company has a market capitalization of $54.82 billion, a PE ratio of 5.31, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company’s 50-day simple moving average is $53.04 and its 200 day simple moving average is $49.95. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, sell-side analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. 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 0.96%. General Motors’s payout ratio is 5.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GM. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein boosted their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company upped their target price on shares of General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.28.

General Motors 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.