PFG Investments LLC Buys 806 Shares of General Motors (NYSE:GM)

PFG Investments LLC grew its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,448 shares of the auto manufacturer’s stock after buying an additional 806 shares during the period. PFG Investments LLC’s holdings in General Motors were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Creative Planning boosted its stake in General Motors by 36.2% in the second quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock worth $8,839,000 after buying an additional 50,543 shares in the last quarter. NewEdge Advisors LLC boosted its stake in General Motors by 51.3% in the second quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock worth $1,529,000 after buying an additional 11,164 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of General Motors during the second quarter valued at approximately $1,407,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of General Motors by 469.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 570,775 shares of the auto manufacturer’s stock valued at $26,517,000 after purchasing an additional 470,568 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors during the second quarter valued at approximately $25,000. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Mizuho increased their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price target on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Barclays lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Motors has an average rating of “Hold” and an average price target of $61.17.

General Motors Price Performance

GM opened at $50.07 on Wednesday. The stock has a 50-day moving average price of $53.14 and a 200-day moving average price of $49.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market cap of $55.06 billion, a PE ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. General Motors has a 1 year low of $34.93 and a 1 year high of $61.24.

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 return on equity of 16.30% and a net margin of 6.06%. Sell-side analysts predict that General Motors will post 10.34 earnings per share 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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is presently 5.12%.

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.