Bokf Na Trims Position in General Motors (NYSE:GM)

Bokf Na cut its position in General Motors (NYSE:GM) (TSE:GMM.U) by 41.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,533 shares of the auto manufacturer’s stock after selling 32,008 shares during the period. Bokf Na’s holdings in General Motors were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LifeSteps Financial Inc. bought a new position in shares of General Motors during the first quarter worth $25,000. Montag A & Associates Inc. bought a new position in shares of General Motors during the first quarter worth $30,000. YHB Investment Advisors Inc. bought a new position in shares of General Motors during the first quarter worth $32,000. Highlander Capital Management LLC bought a new position in shares of General Motors during the fourth quarter worth $27,000. Finally, Riverview Trust Co bought a new position in General Motors during the first quarter valued at $38,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GM has been the subject of several research reports. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and set a $55.00 price objective on shares of General Motors in a research report on Wednesday. Citigroup increased their price objective on shares of General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Mizuho increased their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average price target of $56.38.

General Motors Trading Down 0.0 %

GM stock traded down $0.01 during trading on Friday, hitting $44.12. The company had a trading volume of 18,411,118 shares, compared to its average volume of 14,026,488. The firm has a market capitalization of $49.59 billion, a P/E ratio of 5.39, a PEG ratio of 0.44 and a beta of 1.43. General Motors has a 52-week low of $26.30 and a 52-week high of $50.50. The company has a 50 day simple moving average of $46.49 and a 200-day simple moving average of $43.01. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.67 by $0.39. The company had revenue of $47.97 billion for the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. As a group, research analysts forecast that General Motors will post 9.93 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, September 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, September 6th. General Motors’s dividend payout ratio (DPR) is 5.87%.

General Motors announced that its board has approved a share repurchase program on Tuesday, June 11th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 326,305 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the transaction, the chief executive officer now owns 898,648 shares of the company’s stock, valued at approximately $43,431,657.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Mary T. Barra sold 326,305 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total value of $15,770,320.65. Following the sale, the chief executive officer now directly owns 898,648 shares in the company, valued at approximately $43,431,657.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Mark L. Reuss sold 35,142 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $46.34, for a total transaction of $1,628,480.28. Following the completion of the sale, the president now owns 126,907 shares in the company, valued at $5,880,870.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,152,621 shares of company stock valued at $51,818,111. Company insiders own 0.72% of the company’s stock.

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.