Chartwell Investment Partners LLC decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 51.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,032 shares of the auto manufacturer’s stock after selling 55,993 shares during the quarter. Chartwell Investment Partners LLC’s holdings in General Motors were worth $2,133,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in GM. Intl Fcstone Inc. acquired a new stake in General Motors during the second quarter valued at approximately $259,000. Summit X LLC acquired a new stake in General Motors during the third quarter valued at approximately $209,000. Robeco Institutional Asset Management B.V. raised its stake in General Motors by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 100,012 shares of the auto manufacturer’s stock valued at $4,041,000 after buying an additional 2,240 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in General Motors during the third quarter valued at approximately $2,120,000. Finally, Fox Run Management L.L.C. acquired a new stake in General Motors during the third quarter valued at approximately $1,518,000. Institutional investors and hedge funds own 73.74% of the company’s stock.
General Motors (NYSE:GM) opened at $41.09 on Tuesday. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The stock has a market capitalization of $57,634.07, a P/E ratio of 6.26, a P/E/G ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is -52.59%.
Several analysts have issued reports on GM shares. Evercore ISI upped their price objective on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Vetr upgraded General Motors from a “hold” rating to a “buy” rating and set a $43.99 price objective on the stock in a research note on Monday, November 6th. Deutsche Bank restated a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Piper Jaffray Companies set a $51.00 price objective on General Motors and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Guggenheim upgraded General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.44.
In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $40.88, for a total value of $1,430,800.00. Following the transaction, the chief financial officer now directly owns 26,052 shares of the company’s stock, valued at $1,065,005.76. The disclosure for this sale can be found here. Insiders sold a total of 203,847 shares of company stock valued at $8,793,908 over the last three months. Corporate insiders own 0.04% of the company’s stock.
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About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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