DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Decreases Position in General Motors (NYSE:GM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 59.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 752,749 shares of the auto manufacturer's stock after selling 1,105,206 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.08% of General Motors worth $40,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GM. World Investment Advisors LLC bought a new stake in General Motors in the third quarter worth $237,000. Principal Financial Group Inc. raised its position in shares of General Motors by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,268,096 shares of the auto manufacturer's stock worth $56,861,000 after purchasing an additional 13,206 shares during the last quarter. Hilltop National Bank raised its holdings in General Motors by 6.9% in the fourth quarter. Hilltop National Bank now owns 3,876 shares of the auto manufacturer's stock worth $206,000 after buying an additional 249 shares during the last quarter. Czech National Bank raised its holdings in General Motors by 4.1% in the fourth quarter. Czech National Bank now owns 238,415 shares of the auto manufacturer's stock worth $12,700,000 after buying an additional 9,461 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in General Motors by 12.2% in the fourth quarter. Wedmont Private Capital now owns 9,968 shares of the auto manufacturer's stock worth $497,000 after buying an additional 1,082 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a report on Monday, April 14th. Sanford C. Bernstein set a $36.00 price target on General Motors in a research note on Monday, May 5th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group decreased their price target on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $54.28.

General Motors Stock Performance

NYSE:GM traded up $0.16 during mid-day trading on Friday, hitting $47.51. 8,581,366 shares of the company traded hands, compared to its average volume of 13,447,485. The stock's fifty day moving average price is $46.63 and its 200-day moving average price is $50.06. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

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

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 paid a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. General Motors's dividend payout ratio is 8.65%.

General Motors declared that its board has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.