WASHINGTON TRUST Co Acquires 400 Shares of General Motors (NYSE:GM)

WASHINGTON TRUST Co lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 65.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,015 shares of the auto manufacturer’s stock after purchasing an additional 400 shares during the period. WASHINGTON TRUST Co’s holdings in General Motors were worth $54,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its holdings in shares of General Motors by 0.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 114,310 shares of the auto manufacturer’s stock worth $6,089,000 after purchasing an additional 755 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of General Motors by 35.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer’s stock valued at $234,364,000 after acquiring an additional 1,159,958 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of General Motors by 11.6% during the fourth quarter. V Square Quantitative Management LLC now owns 47,825 shares of the auto manufacturer’s stock valued at $2,548,000 after acquiring an additional 4,987 shares during the period. Vontobel Holding Ltd. lifted its stake in shares of General Motors by 65.3% during the fourth quarter. Vontobel Holding Ltd. now owns 64,930 shares of the auto manufacturer’s stock valued at $3,459,000 after acquiring an additional 25,639 shares during the period. Finally, Catalyst Financial Partners LLC lifted its stake in shares of General Motors by 5.1% during the fourth quarter. Catalyst Financial Partners LLC now owns 5,671 shares of the auto manufacturer’s stock valued at $302,000 after acquiring an additional 277 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.9 %

NYSE GM opened at $48.33 on Friday. The firm has a market cap of $48.09 billion, a P/E ratio of 7.86, a P/E/G ratio of 0.68 and a beta of 1.40. 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 stock’s 50-day moving average is $51.16 and its 200-day moving average is $49.98. General Motors has a one year low of $38.13 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Sell-side analysts anticipate that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. General Motors’s payout ratio is presently 7.80%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and upped their price target for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Barclays upped their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, General Motors presently has an average rating of “Hold” and a consensus target price of $59.71.

Insider Buying and Selling

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s 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 transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This 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 owned by corporate insiders.

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.