Robeco Institutional Asset Management B.V. Sells 37,189 Shares of General Motors (NYSE:GM)

Robeco Institutional Asset Management B.V. trimmed its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,265,919 shares of the auto manufacturer’s stock after selling 37,189 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in General Motors were worth $67,436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning increased its position in General Motors by 36.2% during the 2nd quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock valued at $8,839,000 after purchasing an additional 50,543 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of General Motors by 51.3% in the 2nd quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock valued at $1,529,000 after buying an additional 11,164 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in General Motors in the second quarter worth $25,000. Sanctuary Advisors LLC purchased a new stake in shares of General Motors during the 2nd quarter valued at $13,924,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of General Motors in the 2nd quarter worth $1,580,000. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush increased their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho increased their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. DZ Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.28.

General Motors Stock Down 0.4 %

GM stock opened at $49.85 on Thursday. The firm has a 50-day simple moving average of $53.04 and a 200-day simple moving average of $49.95. General Motors has a 52 week low of $37.40 and a 52 week high of $61.24. The stock has a market capitalization of $54.82 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.38 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. Equities analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Announces Dividend

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 5.12%.

Insider Transactions at General Motors

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction 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 sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. The trade was 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 the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following 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. Insiders sold 514,344 shares of company stock worth $28,977,691 in the last 90 days. Insiders own 0.72% of the company’s stock.

General Motors Company 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.