Banco Bilbao Vizcaya Argentaria S.A. Has $41.13 Million Stock Position in General Motors (NYSE:GM)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 766,037 shares of the auto manufacturer's stock after selling 108,080 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned 0.08% of General Motors worth $41,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Trust Point Inc. grew its holdings in General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares during the period. Holistic Planning LLC lifted its position in General Motors by 3.9% during the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after acquiring an additional 214 shares in the last quarter. Nemes Rush Group LLC grew its position in General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after acquiring an additional 217 shares in the last quarter. Operose Advisors LLC lifted its position in shares of General Motors by 18.7% during the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 13,714 shares of the company's stock, 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. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Down 1.2 %

Shares of GM traded down $0.57 during trading hours on Tuesday, hitting $46.67. 13,958,904 shares of the company were exchanged, compared to its average volume of 13,353,069. 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 market cap of $45.09 billion, a PE ratio of 7.55, a PEG ratio of 0.67 and a beta of 1.27. The firm's 50 day moving average is $46.86 and its 200-day moving average is $50.33. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 EPS. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen started coverage on shares of General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Sanford C. Bernstein lowered shares of General Motors from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $50.00 to $35.00 in a research note on Monday, April 7th. StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Barclays cut shares of General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. lowered their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.83.

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.