Colonial River Investments LLC Buys 1,091 Shares of General Motors (NYSE:GM)

Colonial River Investments LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 22.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,873 shares of the auto manufacturer’s stock after buying an additional 1,091 shares during the period. Colonial River Investments LLC’s holdings in General Motors were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GM. International Assets Investment Management LLC increased its stake in General Motors by 4,826.5% during the 3rd quarter. International Assets Investment Management LLC now owns 549,261 shares of the auto manufacturer’s stock valued at $24,629,000 after purchasing an additional 538,112 shares in the last quarter. Allworth Financial LP increased its stake in General Motors by 2.3% during the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after purchasing an additional 205 shares in the last quarter. Forsta AP Fonden increased its stake in General Motors by 10.3% during the 3rd quarter. Forsta AP Fonden now owns 233,100 shares of the auto manufacturer’s stock valued at $10,452,000 after purchasing an additional 21,800 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in General Motors by 59.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 15,066 shares of the auto manufacturer’s stock worth $676,000 after acquiring an additional 5,640 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in General Motors by 22.7% during the 3rd quarter. Boston Trust Walden Corp now owns 7,483 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. 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 report on Tuesday, December 10th. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.71.

Insider Activity

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

General Motors Stock Performance

Shares of GM stock opened at $46.55 on Tuesday. The firm’s 50 day moving average is $50.57 and its 200 day moving average is $50.32. The stock has a market capitalization of $46.31 billion, a P/E ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.40. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

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

General Motors Dividend Announcement

The business also recently declared 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. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

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.