Steward Partners Investment Advisory LLC Boosts Position in General Motors (NYSE:GM)

Steward Partners Investment Advisory LLC increased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,183 shares of the auto manufacturer’s stock after purchasing an additional 597 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in General Motors were worth $1,981,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC acquired a new position in General Motors during the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in General Motors during the fourth quarter worth approximately $26,000. Truvestments Capital LLC acquired a new position in General Motors during the third quarter worth approximately $27,000. Compass Planning Associates Inc acquired a new position in General Motors during the fourth quarter worth approximately $27,000. Finally, Duncker Streett & Co. Inc. increased its position in General Motors by 9,960.0% during the fourth 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. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.4 %

General Motors stock opened at $47.39 on Friday. The stock’s 50 day moving average price is $49.70 and its 200 day moving average price is $50.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market cap of $47.16 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a 1-year low of $38.94 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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%. On average, sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has initiated a stock buyback 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 repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. General Motors’s payout ratio is 7.80%.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Finally, Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.22.

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.