Mn Services Vermogensbeheer B.V. Has $23.51 Million Stock Position in General Motors (NYSE:GM)

Mn Services Vermogensbeheer B.V. lowered its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 7.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,900 shares of the auto manufacturer's stock after selling 38,500 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.05% of General Motors worth $23,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in General Motors in the fourth quarter valued at about $27,000. Duncker Streett & Co. Inc. grew its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 498 shares in the last quarter. Whittier Trust Co. grew its stake in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new position in General Motors in the fourth quarter valued at about $27,000. Finally, Transce3nd LLC purchased a new position in General Motors in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GM. Wedbush decreased their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. 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. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. Barclays upped their price target on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $53.35.

General Motors Stock Performance

Shares of GM stock traded up $0.59 during mid-day trading on Monday, reaching $49.24. The stock had a trading volume of 5,882,348 shares, compared to its average volume of 12,949,777. The firm's 50 day simple moving average is $47.21 and its 200 day simple moving average is $49.02. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $47.34 billion, a PE ratio of 8.01, a P/E/G ratio of 0.67 and a beta of 1.34.

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

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors 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 yield of 1.22%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is currently 8.65%.

General Motors announced that its board has authorized a share buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors 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.