General Motors (NYSE:GM) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,261 shares of the auto manufacturer's stock after selling 72,012 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in General Motors were worth $15,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of General Motors by 1.4% in the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the last quarter. State Street Corp boosted its position in General Motors by 0.7% during the first quarter. State Street Corp now owns 56,981,032 shares of the auto manufacturer's stock worth $2,090,060,000 after purchasing an additional 383,957 shares during the period. Morgan Stanley boosted its position in General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer's stock worth $501,562,000 after purchasing an additional 201,080 shares during the period. Price T Rowe Associates Inc. MD boosted its position in General Motors by 80.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,687,738 shares of the auto manufacturer's stock worth $538,747,000 after purchasing an additional 6,548,022 shares during the period. Finally, Norges Bank bought a new position in General Motors during the fourth quarter worth $493,248,000. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock valued at $3,614,078 in the last ninety days. Company insiders own 0.54% of the company's stock.

General Motors Price Performance

Shares of GM traded down $0.07 during trading hours on Friday, reaching $42.37. 15,514,953 shares of the company's stock traded hands, compared to its average volume of 12,723,066. The stock has a market cap of $48.91 billion, a PE ratio of 5.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The firm's 50 day simple moving average is $41.65 and its 200-day simple moving average is $35.83. General Motors has a 12 month low of $26.30 and a 12 month high of $46.04.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.08. The company had revenue of $42.98 billion for the quarter, compared to analysts' expectations of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. General Motors's revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $2.12 EPS. Equities analysts expect that General Motors will post 9.12 EPS for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a $0.12 dividend. This is a boost from General Motors's previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, February 29th. General Motors's payout ratio is 6.57%.

Analyst Upgrades and Downgrades

GM has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. Mizuho boosted their price target on General Motors from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, March 25th. Redburn Atlantic initiated coverage on General Motors in a research note on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price target for the company. Tigress Financial boosted their price target on General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 15th. Finally, TheStreet raised General Motors from a "c+" rating to a "b-" rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Motors has an average rating of "Moderate Buy" and a consensus price target of $51.57.

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.