General Motors (NYSE:GM) Stock Position Trimmed by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its position in General Motors (NYSE:GM) (TSE:GMM.U) by 11.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,514 shares of the auto manufacturer’s stock after selling 459 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in General Motors were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its stake in General Motors by 53.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 29,957 shares of the auto manufacturer’s stock valued at $1,596,000 after buying an additional 10,460 shares during the period. Proficio Capital Partners LLC increased its stake in General Motors by 16.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer’s stock valued at $556,000 after buying an additional 1,448 shares during the period. M&T Bank Corp increased its stake in General Motors by 3.1% during the 4th quarter. M&T Bank Corp now owns 65,073 shares of the auto manufacturer’s stock valued at $3,467,000 after buying an additional 1,932 shares during the period. Atria Investments Inc increased its stake in General Motors by 2.2% during the 4th quarter. Atria Investments Inc now owns 225,252 shares of the auto manufacturer’s stock valued at $11,999,000 after buying an additional 4,814 shares during the period. Finally, Assetmark Inc. increased its stake in General Motors by 40.0% during the 4th quarter. Assetmark Inc. now owns 83,875 shares of the auto manufacturer’s stock valued at $4,468,000 after buying an additional 23,948 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

General Motors stock opened at $47.39 on Friday. 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 company has a market cap of $47.16 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The firm’s 50 day simple moving average is $49.70 and its 200-day simple moving average is $50.47. General Motors has a fifty-two week low of $38.94 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently declared 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. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

General Motors announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

GM has been the topic of several research analyst reports. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.22.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

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.