Sequoia Financial Advisors LLC Buys 6,886 Shares of General Motors (NYSE:GM)

Sequoia Financial Advisors LLC grew its stake in shares of General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,581 shares of the auto manufacturer’s stock after buying an additional 6,886 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in General Motors were worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GM. Penserra Capital Management LLC lifted its holdings in General Motors by 85.8% in the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 283 shares during the period. Elequin Securities LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $35,000. Affiance Financial LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $36,000. Rock Creek Group LP lifted its holdings in shares of General Motors by 108.1% during the third quarter. Rock Creek Group LP now owns 1,384 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 719 shares during the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of General Motors during the third quarter valued at approximately $46,000. 78.92% of the stock is owned by institutional investors.

General Motors Stock Up 0.4 %

Shares of NYSE GM opened at $32.41 on Friday. The stock has a market capitalization of $45.05 billion, a price-to-earnings ratio of 5.01, a P/E/G ratio of 0.49 and a beta of 1.34. General Motors has a 12-month low of $30.33 and a 12-month high of $43.63. The firm’s 50-day moving average price is $33.83 and its 200-day moving average price is $36.70. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 1.05.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last issued its earnings results on Tuesday, April 25th. The auto manufacturer reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.68. General Motors had a net margin of 5.84% and a return on equity of 15.74%. The business had revenue of $39.99 billion for the quarter, compared to the consensus estimate of $39.38 billion. During the same period in the prior year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that General Motors will post 6.68 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, June 2nd will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.36 dividend on an annualized basis and a yield of 1.11%. General Motors’s payout ratio is 5.56%.

Insider Activity at General Motors

In related news, CFO Paul A. Jacobson purchased 31,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was acquired at an average price of $32.60 per share, with a total value of $1,010,600.00. Following the completion of the acquisition, the chief financial officer now owns 186,847 shares in the company, valued at approximately $6,091,212.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho decreased their price objective on shares of General Motors from $39.00 to $37.00 in a report on Wednesday, April 26th. Barclays decreased their price objective on shares of General Motors from $45.00 to $42.00 in a report on Wednesday, April 26th. Royal Bank of Canada boosted their price objective on shares of General Motors from $46.00 to $48.00 in a report on Wednesday, April 26th. StockNews.com initiated coverage on shares of General Motors in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Berenberg Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average price target of $49.06.

General Motors Company Profile

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.