General Motors (NYSE:GM) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA reduced its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 54.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,350 shares of the auto manufacturer's stock after selling 5,265 shares during the quarter. Union Bancaire Privee UBP SA's holdings in General Motors were worth $203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nemes Rush Group LLC raised its holdings in General Motors by 18.7% in the 4th 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 during the last quarter. Operose Advisors LLC increased its holdings in shares of General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after buying an additional 223 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of 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 last quarter. Norden Group LLC increased its holdings in shares of General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock worth $421,000 after buying an additional 229 shares during the last quarter. Finally, Royal Capital Wealth Management LLC increased its holdings in shares of General Motors by 5.3% during the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock worth $270,000 after buying an additional 255 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

GM traded down $0.64 on Friday, reaching $48.62. The company had a trading volume of 8,701,633 shares, compared to its average volume of 12,978,177. 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 stock has a market capitalization of $46.74 billion, a PE ratio of 7.91, a P/E/G ratio of 0.67 and a beta of 1.34. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The stock has a 50-day moving average price of $47.21 and a 200-day moving average price of $49.06.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 earnings per share. As a group, research analysts forecast that General Motors will post 11.44 EPS 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. Shareholders of record on Friday, June 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. General Motors's payout ratio is currently 8.65%.

General Motors declared that its board has approved a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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. Wedbush dropped their target price on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research report on Monday, April 14th. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, TD Cowen began coverage on shares of General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $53.35.

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.