ING Groep NV Increases Stock Position in General Motors (NYSE:GM)

ING Groep NV raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 520,442 shares of the auto manufacturer’s stock after purchasing an additional 79,328 shares during the period. ING Groep NV owned 0.05% of General Motors worth $27,724,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors in the fourth quarter valued at approximately $28,000. Sugar Maple Asset Management LLC acquired a new position in General Motors during the fourth quarter worth approximately $31,000. Finally, Catalyst Capital Advisors LLC acquired a new position in General Motors during the third quarter worth approximately $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Mizuho upped their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.71.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of GM stock opened at $47.84 on Friday. The company has a market capitalization of $47.60 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The firm has a fifty day simple moving average of $50.81 and a 200-day simple moving average of $50.11. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. General Motors’s dividend payout ratio (DPR) is 7.80%.

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.