Handelsbanken Fonder AB Purchases 74,194 Shares of General Motors (NYSE:GM)

Handelsbanken Fonder AB grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 475,061 shares of the auto manufacturer's stock after buying an additional 74,194 shares during the period. Handelsbanken Fonder AB's holdings in General Motors were worth $17,064,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GM. International Assets Investment Management LLC raised its position in shares of General Motors by 11.5% during the third quarter. International Assets Investment Management LLC now owns 25,270 shares of the auto manufacturer's stock worth $817,000 after purchasing an additional 2,605 shares during the period. CWM LLC raised its position in shares of General Motors by 16.8% during the third quarter. CWM LLC now owns 29,724 shares of the auto manufacturer's stock worth $980,000 after purchasing an additional 4,265 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of General Motors during the third quarter worth approximately $249,000. HB Wealth Management LLC raised its position in General Motors by 14.0% in the 3rd quarter. HB Wealth Management LLC now owns 18,957 shares of the auto manufacturer's stock valued at $625,000 after buying an additional 2,324 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in General Motors in the 3rd quarter valued at $360,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 5,100 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company's stock, valued at approximately $544,800.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. TheStreet raised General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. Wedbush increased their price target on General Motors from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Barclays increased their price target on General Motors from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Royal Bank of Canada increased their price target on General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Mizuho increased their price target on General Motors from $44.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, General Motors presently has an average rating of "Moderate Buy" and a consensus price target of $52.52.

General Motors Stock Performance

Shares of GM stock traded up $1.89 on Tuesday, hitting $45.10. 28,608,554 shares of the stock were exchanged, compared to its average volume of 17,589,910. 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 has a market capitalization of $52.06 billion, a PE ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. General Motors has a one year low of $26.30 and a one year high of $46.04. The firm's 50 day moving average is $41.86 and its two-hundred day moving average is $36.06.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. The company had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 EPS. Sell-side analysts expect that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors's payout ratio is 6.57%.

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.