Quotient Wealth Partners LLC Cuts Stake in General Motors (NYSE:GM)

Quotient Wealth Partners LLC cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,351 shares of the auto manufacturer’s stock after selling 1,072 shares during the period. Quotient Wealth Partners LLC’s holdings in General Motors were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GM. Empowered Funds LLC boosted its holdings in General Motors by 1,043.8% during the 4th quarter. Empowered Funds LLC now owns 299,814 shares of the auto manufacturer’s stock valued at $15,971,000 after acquiring an additional 273,601 shares during the period. Apollon Wealth Management LLC lifted its position in General Motors by 14.4% in the fourth quarter. Apollon Wealth Management LLC now owns 19,509 shares of the auto manufacturer’s stock valued at $1,039,000 after purchasing an additional 2,449 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $25,000. Tobam bought a new position in shares of General Motors in the fourth quarter worth approximately $56,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of General Motors by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 146,395 shares of the auto manufacturer’s stock worth $7,798,000 after buying an additional 1,336 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GM shares. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their price target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Wells Fargo & Company raised their target price on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.28.

General Motors Stock Down 1.2 %

General Motors stock opened at $47.35 on Monday. General Motors has a one year low of $37.83 and a one year high of $61.24. The stock has a fifty day moving average of $51.80 and a 200 day moving average of $49.92. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock has a market cap of $47.12 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating 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, sell-side analysts predict that General Motors will post 11.28 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is 7.80%.

About General Motors

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.