General Motors (GM) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,427,555 shares of the auto manufacturer’s stock after selling 205,217 shares during the quarter. General Motors makes up 1.6% of Brandywine Global Investment Management LLC’s portfolio, making the stock its 10th biggest holding. Brandywine Global Investment Management LLC owned 0.46% of General Motors worth $215,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GM. FTB Advisors Inc. increased its position in General Motors by 6.7% in the 3rd quarter. FTB Advisors Inc. now owns 88,610 shares of the auto manufacturer’s stock valued at $2,983,000 after acquiring an additional 5,573 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in General Motors by 6.0% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 90,539 shares of the auto manufacturer’s stock valued at $3,048,000 after acquiring an additional 5,146 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in General Motors in the 3rd quarter valued at about $246,000. MML Investors Services LLC increased its position in General Motors by 67.4% in the 3rd quarter. MML Investors Services LLC now owns 110,433 shares of the auto manufacturer’s stock valued at $3,718,000 after acquiring an additional 44,449 shares in the last quarter. Finally, Sei Investments Co. increased its position in General Motors by 10.2% in the 3rd quarter. Sei Investments Co. now owns 1,793,142 shares of the auto manufacturer’s stock valued at $60,371,000 after acquiring an additional 165,267 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Several equities research analysts have weighed in on GM shares. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 27th. Deutsche Bank started coverage on shares of General Motors in a research report on Thursday, December 13th. They issued a “buy” rating for the company. Barclays set a $48.00 price objective on shares of General Motors and gave the company a “buy” rating in a research report on Friday, January 4th. BMO Capital Markets upgraded shares of General Motors from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.97.

Shares of NYSE:GM opened at $38.07 on Friday. General Motors has a one year low of $30.56 and a one year high of $45.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.71. The company has a market cap of $53.66 billion, a PE ratio of 5.82, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company had revenue of $38.40 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter in the previous year, the company earned $1.65 EPS. General Motors’s revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts forecast that General Motors will post 6.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, March 7th. General Motors’s dividend payout ratio is 23.24%.

In related news, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the transaction, the insider now owns 205,906 shares in the company, valued at $7,904,731.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $40.00, for a total transaction of $339,960.00. Following the transaction, the vice president now owns 10,040 shares of the company’s stock, valued at approximately $401,600. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

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General Motors Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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