3,935 Shares in General Motors (NYSE:GM) Bought by PFG Advisors

PFG Advisors bought a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, Holdings Channel reports. The fund bought 3,935 shares of the auto manufacturer’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its position in shares of General Motors by 5.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 12,069 shares of the auto manufacturer’s stock worth $541,000 after purchasing an additional 604 shares during the last quarter. KBC Group NV lifted its holdings in shares of General Motors by 14.6% during the third quarter. KBC Group NV now owns 196,992 shares of the auto manufacturer’s stock worth $8,833,000 after buying an additional 25,117 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of General Motors by 0.6% in the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock valued at $1,625,000 after acquiring an additional 230 shares during the period. CIBC Asset Management Inc grew its stake in shares of General Motors by 8.0% in the third quarter. CIBC Asset Management Inc now owns 170,693 shares of the auto manufacturer’s stock worth $7,654,000 after acquiring an additional 12,649 shares during the last quarter. Finally, Empirical Finance LLC increased its position in General Motors by 0.9% during the third quarter. Empirical Finance LLC now owns 44,499 shares of the auto manufacturer’s stock worth $1,995,000 after acquiring an additional 404 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GM. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Cowen began coverage on General Motors in a research report on Thursday, March 6th. They set a “buy” rating on the stock. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Finally, The Goldman Sachs Group set a $73.00 target price on General Motors in a research note on Saturday, March 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.89.

General Motors Trading Up 2.6 %

Shares of GM opened at $48.34 on Friday. The stock has a fifty day moving average price of $49.23 and a two-hundred day moving average price of $50.47. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a market cap of $48.10 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid 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 0.99%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors declared that its board has initiated a share 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 repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by company 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.