Raiffeisen Bank International AG Has $396,000 Stake in General Motors Company (NYSE:GM)

Key Points

• Raiffeisen Bank International AG has reduced its holdings in General Motors by 38%, now owning a total of 8,467 shares valued at $396,000 after selling 5,179 shares in the first quarter.
• General Motors reported a quarterly earnings of $2.53 EPS, exceeding analysts' expectations, while revenue fell by 1.8% year-over-year to $47.12 billion.
• The company declared a $0.15 quarterly dividend, resulting in an annualized dividend yield of 1.1%, with a payout ratio of 9.52%.

Raiffeisen Bank International AG decreased its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 38.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,467 shares of the auto manufacturer's stock after selling 5,179 shares during the quarter. Raiffeisen Bank International AG's holdings in General Motors were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in General Motors by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after buying an additional 228,408 shares in the last quarter. Northern Trust Corp grew its position in General Motors by 8.1% during the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after buying an additional 822,454 shares in the last quarter. ACR Alpine Capital Research LLC grew its position in General Motors by 4.0% during the first quarter. ACR Alpine Capital Research LLC now owns 7,691,140 shares of the auto manufacturer's stock worth $361,714,000 after buying an additional 293,736 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in General Motors by 0.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,555,521 shares of the auto manufacturer's stock worth $402,483,000 after buying an additional 48,525 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its position in General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 1.1%

Shares of GM stock traded up $0.57 during mid-day trading on Friday, hitting $53.52. The company's stock had a trading volume of 4,125,133 shares, compared to its average volume of 10,305,823. The company's fifty day simple moving average is $50.95 and its 200-day simple moving average is $48.82. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The company has a market cap of $50.96 billion, a PE ratio of 8.50, a P/E/G ratio of 1.13 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the company posted $3.06 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GM. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Wells Fargo & Company increased their price target on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, CLSA raised General Motors to a "moderate buy" rating in a report on Monday, July 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $57.53.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company's stock.

General Motors 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.