Ethos Financial Group LLC Invests $112,000 in General Motors (NYSE:GM)

Ethos Financial Group LLC acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,097 shares of the auto manufacturer’s stock, valued at approximately $112,000.

A number of other large investors also recently modified their holdings of GM. Blue Trust Inc. grew its stake in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock valued at $488,000 after buying an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of General Motors in the fourth quarter valued at about $474,000. Versor Investments LP acquired a new stake in shares of General Motors in the third quarter valued at about $1,551,000. Asset Management One Co. Ltd. grew its stake in shares of General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock valued at $25,178,000 after buying an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new stake in shares of General Motors in the fourth quarter valued at about $1,044,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Up 0.4 %

Shares of NYSE GM opened at $47.39 on Friday. The company has a market cap of $47.16 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. 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. The stock’s 50 day simple moving average is $49.70 and its 200 day simple moving average is $50.44.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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 return on equity of 15.29% and a net margin of 3.21%. Equities research analysts expect that General Motors will post 11.44 EPS for the current 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 7.80%.

General Motors announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GM. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. TD Cowen started coverage on General Motors in a research note on Friday. They set a “buy” rating and a $105.00 price objective for the company. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. UBS Group restated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Finally, StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.22.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.

General Motors 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.