General Motors (NYSE:GM) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,514 shares of the auto manufacturer’s stock after selling 459 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in General Motors were worth $187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 purchased a new position in shares of General Motors during the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors during the fourth quarter valued at approximately $28,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 0.4 %

NYSE GM opened at $47.39 on Friday. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $47.16 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company’s fifty day moving average price is $49.70 and its two-hundred day moving average price is $50.47.

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

General Motors declared that its board has initiated a share buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. General Motors’s payout ratio is currently 7.80%.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GM shares. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. TD Cowen initiated coverage on shares of General Motors in a research note on Friday. They set a “buy” rating and a $105.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.22.

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.