Clarius Group LLC Has $423,000 Stock Position in General Motors (NYSE:GM)

Clarius Group LLC lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,103 shares of the auto manufacturer’s stock after selling 501 shares during the quarter. Clarius Group LLC’s holdings in General Motors were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. LifeSteps Financial Inc. bought a new stake in shares of General Motors in the first quarter valued at about $25,000. Fortitude Family Office LLC grew its stake in General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of General Motors by 75.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 359 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of General Motors in the 1st quarter valued at approximately $30,000. Finally, YHB Investment Advisors Inc. bought a new stake in General Motors during the first quarter worth $32,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Paul A. Jacobson purchased 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the purchase, the chief financial officer now owns 261,872 shares in the company, valued at approximately $11,551,173.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Paul A. Jacobson bought 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the purchase, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at $11,551,173.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Mark L. Reuss sold 150,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.44, for a total transaction of $6,516,000.00. Following the sale, the president now directly owns 176,907 shares in the company, valued at approximately $7,684,840.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,152,621 shares of company stock valued at $51,818,111. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM traded up $0.28 during trading on Friday, hitting $43.01. 1,748,537 shares of the company were exchanged, compared to its average volume of 15,925,733. General Motors has a 1-year low of $26.30 and a 1-year high of $50.50. The company has a market capitalization of $49.07 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.43. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $46.21 and its 200-day moving average is $43.39.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The business had revenue of $47.97 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the company posted $1.91 EPS. General Motors’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that General Motors will post 9.94 earnings per share for the current year.

General Motors announced that its Board of Directors has authorized a share buyback program on Tuesday, June 11th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, September 6th. General Motors’s payout ratio is 5.87%.

Analyst Ratings Changes

GM has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $55.00 target price on shares of General Motors in a report on Wednesday, July 24th. Wells Fargo & Company boosted their price target on General Motors from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. Morgan Stanley cut shares of General Motors from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $46.00 to $47.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Bank of America reaffirmed a “buy” rating and issued a $75.00 price objective on shares of General Motors in a report on Wednesday, June 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.27.

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.