Kestra Investment Management LLC Invests $219,000 in General Motors (NYSE:GM)

Kestra Investment Management LLC purchased a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,120 shares of the auto manufacturer’s stock, valued at approximately $219,000.

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

General Motors Trading Down 0.8 %

General Motors stock opened at $47.77 on Thursday. General Motors has a one year low of $38.13 and a one year high of $61.24. The business’s fifty day moving average is $50.90 and its 200 day moving average is $50.13. The stock has a market capitalization of $47.53 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s payout ratio is 7.80%.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of several research analyst reports. UBS Group raised their price objective on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Royal Bank of Canada lifted their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Hold” and a consensus price target of $59.71.

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.