Signet Financial Management LLC Sells 5,506 Shares of General Motors (NYSE:GM)

Signet Financial Management LLC reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 19.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,355 shares of the auto manufacturer’s stock after selling 5,506 shares during the quarter. Signet Financial Management LLC’s holdings in General Motors were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GM. Blair William & Co. IL grew its position in shares of General Motors by 10.6% during the 1st quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock worth $6,890,000 after buying an additional 15,117 shares during the period. Aviva PLC grew its position in shares of General Motors by 32.7% during the 1st quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock worth $12,181,000 after buying an additional 68,683 shares during the period. Moors & Cabot Inc. grew its position in shares of General Motors by 12.8% during the 1st quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock worth $471,000 after buying an additional 1,225 shares during the period. Brighton Jones LLC grew its position in shares of General Motors by 13.9% during the 1st quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock worth $208,000 after buying an additional 581 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its position in shares of General Motors by 5.3% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock worth $4,540,000 after buying an additional 5,184 shares during the period. 92.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GM. Royal Bank of Canada boosted their target price on General Motors from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Redburn Atlantic initiated coverage on General Motors in a research report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price objective for the company. The Goldman Sachs Group boosted their price objective on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Mizuho upped their price target on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Tigress Financial upped their price target on General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $51.57.

General Motors Stock Down 0.1 %

GM opened at $42.65 on Wednesday. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04. The stock’s fifty day simple moving average is $41.42 and its 200 day simple moving average is $35.64. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a market cap of $49.24 billion, a PE ratio of 5.83, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter in the prior year, the business earned $2.12 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts expect that General Motors will post 9.08 earnings per share for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. This is a positive change from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 29th. General Motors’s dividend payout ratio is currently 6.57%.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 in the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.