BI Asset Management Fondsmaeglerselskab A S Purchases 107,481 Shares of General Motors (NYSE:GM)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 57.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 294,980 shares of the auto manufacturer's stock after buying an additional 107,481 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in General Motors were worth $15,714,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in General Motors in the 4th quarter worth approximately $592,321,000. Amundi boosted its position in General Motors by 75.5% during the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after acquiring an additional 2,113,973 shares during the period. ACR Alpine Capital Research LLC grew its stake in shares of General Motors by 39.8% in the fourth quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after purchasing an additional 2,104,528 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of General Motors during the fourth quarter valued at $108,366,000. Finally, National Bank of Canada FI raised its stake in shares of General Motors by 54.4% during the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm'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 purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Up 0.5 %

Shares of GM stock traded up $0.23 during trading on Friday, hitting $47.11. 4,301,000 shares of the company were exchanged, compared to its average volume of 13,328,501. The firm has a market capitalization of $46.87 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.67 and a beta of 1.27. 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 business's 50-day simple moving average is $46.89 and its 200 day simple moving average is $50.30. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) 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%. As a group, analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.02%. General Motors's dividend payout ratio is currently 7.80%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GM. Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $50.00 to $35.00 in a research report on Monday, April 7th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Mizuho dropped their price objective on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of 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 assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus 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.