R Squared Ltd Buys Shares of 4,340 General Motors (NYSE:GM)

R Squared Ltd purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,340 shares of the auto manufacturer’s stock, valued at approximately $231,000.

Several other institutional investors have also modified their holdings of GM. Strategic Investment Solutions Inc. IL bought a new position in General Motors during the 2nd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors during the third quarter worth about $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Motors in the 4th quarter valued at approximately $31,000. Finally, Eastern Bank bought a new stake in General Motors in the 3rd quarter valued at approximately $34,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 8.8 %

General Motors stock opened at $50.07 on Wednesday. General Motors has a twelve month low of $34.93 and a twelve month high of $61.24. The stock has a market cap of $55.06 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. The company’s 50-day moving average price is $53.14 and its two-hundred day moving average price is $49.95. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

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 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%. As a group, analysts expect that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s payout ratio is presently 5.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GM. The Goldman Sachs Group raised their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. DZ Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Friday, October 11th. Wedbush boosted their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays upped their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.17.

Insider Buying and Selling

In related news, EVP Craig B. Glidden sold 383,142 shares of the business’s 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 transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is 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.