Private Advisor Group LLC Reduces Stock Position in General Motors (NYSE:GM)

Private Advisor Group LLC trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 49,498 shares of the auto manufacturer’s stock after selling 636 shares during the quarter. Private Advisor Group LLC’s holdings in General Motors were worth $2,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in General Motors during the fourth quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors in the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new position in shares of General Motors during the 4th quarter valued at approximately $31,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in General Motors during the 3rd quarter valued at $27,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GM shares. Wells Fargo & Company reaffirmed an “underweight” 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 target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, UBS Group reiterated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.71.

General Motors Trading Up 0.6 %

NYSE:GM opened at $46.55 on Tuesday. The firm has a 50-day simple moving average of $50.57 and a 200-day simple moving average of $50.32. 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 firm has a market cap of $46.31 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.40. General Motors has a one year low of $38.94 and a one year high of $61.24.

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%. Equities analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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 $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by company 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.