General Motors (NYSE:GM) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its stake in shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,692 shares of the auto manufacturer’s stock after selling 4,826 shares during the quarter. First Hawaiian Bank’s holdings in General Motors were worth $887,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Greenwood Gearhart Inc. boosted its holdings in shares of General Motors by 5.6% during the second quarter. Greenwood Gearhart Inc. now owns 347,761 shares of the auto manufacturer’s stock worth $13,410,000 after purchasing an additional 18,551 shares during the last quarter. Foundry Partners LLC boosted its holdings in shares of General Motors by 15.0% during the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after purchasing an additional 51,336 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of General Motors by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock worth $4,859,000 after purchasing an additional 14,002 shares during the last quarter. Capital International Ltd. CA boosted its holdings in General Motors by 2.8% in the second quarter. Capital International Ltd. CA now owns 95,281 shares of the auto manufacturer’s stock valued at $3,674,000 after acquiring an additional 2,582 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in General Motors by 520.8% in the second quarter. Schonfeld Strategic Advisors LLC now owns 1,794,762 shares of the auto manufacturer’s stock valued at $69,206,000 after acquiring an additional 1,505,656 shares during the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

General Motors Stock Up 0.3 %

Shares of NYSE GM opened at $40.82 on Tuesday. General Motors has a 1 year low of $26.30 and a 1 year high of $41.80. The firm has a market cap of $47.12 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.48 and a beta of 1.50. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The stock’s 50-day simple moving average is $38.20 and its 200-day simple moving average is $34.04.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.08. The firm had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. General Motors’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $2.12 earnings per share. As a group, equities analysts anticipate that General Motors will post 9 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a $0.12 dividend. This is an increase from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 29th. General Motors’s payout ratio is presently 6.57%.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, January 4th. Piper Sandler initiated coverage on General Motors in a report on Friday. They issued a “neutral” rating and a $44.00 target price on the stock. HSBC began coverage on General Motors in a report on Monday, December 4th. They issued a “buy” rating and a $41.30 target price on the stock. Finally, Royal Bank of Canada raised their price objective on General Motors from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $50.29.

Read Our Latest Research Report on GM

Insider Buying and Selling at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Gerald Johnson sold 15,190 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the completion of the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at $3,948,078.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 44,526 shares of company stock worth $1,757,472 over the last ninety days. Company insiders own 0.54% of the company’s stock.

About General Motors

(Free Report)

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.

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

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