General Motors (NYSE:GM) Stock Position Decreased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 13.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,176 shares of the auto manufacturer’s stock after selling 660 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in General Motors were worth $222,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors during the third quarter worth $27,000. Truvestments Capital LLC acquired a new position in General Motors during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Motors in the fourth quarter worth about $31,000. Finally, Eastern Bank bought a new stake in shares of General Motors during the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This 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 available through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock worth $28,977,691 over the last three months. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent analyst reports. Barclays upped their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Friday, October 11th. Wedbush boosted their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” 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 company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.28.

General Motors Trading Down 0.1 %

Shares of GM stock opened at $49.46 on Monday. The firm has a fifty day moving average of $52.64 and a 200-day moving average of $49.95. The stock has a market cap of $49.21 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.28 and a beta of 1.42. General Motors has a 52-week low of $37.60 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly 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 net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts forecast that General Motors will post 11.45 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is 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.