RWA Wealth Partners LLC Acquires 2,036 Shares of General Motors (NYSE:GM)

RWA Wealth Partners LLC increased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,791 shares of the auto manufacturer’s stock after purchasing an additional 2,036 shares during the period. RWA Wealth Partners LLC’s holdings in General Motors were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors during the fourth quarter worth $26,000. Compass Planning Associates Inc acquired a new position in General Motors in the 4th quarter worth $27,000. Duncker Streett & Co. Inc. increased its holdings in 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 purchasing an additional 498 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value 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. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Performance

NYSE:GM opened at $47.18 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock has a 50 day simple moving average of $48.68 and a 200 day simple moving average of $50.62. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a market cap of $46.94 billion, a P/E ratio of 7.67, a PEG ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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 net margin of 3.21% and a return on equity of 15.29%. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. General Motors’s payout ratio is 7.80%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. TD Cowen began coverage on General Motors in a research report on Friday, March 7th. They issued a “buy” rating and a $105.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a research note on Saturday, March 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.11.

General Motors 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.