Tokio Marine Asset Management Co. Ltd. Reduces Stake in General Motors (NYSE:GM)

Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,588 shares of the auto manufacturer’s stock after selling 1,217 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in General Motors were worth $1,843,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crews Bank & Trust purchased a new stake in shares of General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the 3rd quarter worth $27,000. Truvestments Capital LLC purchased a new stake in General Motors in the third quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in General Motors in the fourth quarter valued at $31,000. Finally, Eastern Bank acquired a new stake in shares of General Motors during the third quarter worth about $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Wedbush lifted their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price objective on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Motors presently has an average rating of “Hold” and an average target price of $61.28.

General Motors Stock Down 0.1 %

General Motors stock opened at $49.46 on Monday. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24. The firm has a market capitalization of $49.21 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.28 and a beta of 1.42. The stock’s fifty day moving average is $52.64 and its two-hundred day moving average is $49.95. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last posted 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%. Analysts predict that General Motors will post 11.45 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is currently 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.