General Motors (NYSE:GM) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,748 shares of the auto manufacturer’s stock after acquiring an additional 2,727 shares during the quarter. Farther Finance Advisors LLC’s holdings in General Motors were worth $466,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new position in shares of General Motors during the 4th quarter worth approximately $27,000. Duncker Streett & Co. Inc. raised its stake in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 498 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors during the 4th quarter worth approximately $28,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

NYSE GM opened at $48.34 on Monday. The stock has a market cap of $48.10 billion, a PE ratio of 7.86, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The stock has a fifty day simple moving average of $49.23 and a 200-day simple moving average of $50.48.

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 for the quarter, topping 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%. Equities analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

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

Wall Street Analysts Forecast Growth

GM has been the subject of several recent research reports. TD Cowen initiated coverage on General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 price objective for the company. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.89.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred 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 owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.72% of the stock is owned by corporate insiders.

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.