SG Americas Securities LLC increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 135.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,373 shares of the auto manufacturer’s stock after purchasing an additional 1,050,735 shares during the period. SG Americas Securities LLC’s holdings in General Motors were worth $10,142,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Signet Investment Advisory Group Inc. acquired a new position in shares of General Motors during the 4th quarter worth about $26,000. NuWave Investment Management LLC increased its stake in shares of General Motors by 198.6% during the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 588 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of General Motors by 63.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 346 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of General Motors during the 4th quarter worth about $31,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth about $30,000. 77.34% of the stock is owned by institutional investors and hedge funds.
In other news, VP Christopher Hatto sold 8,499 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $40.00, for a total transaction of $339,960.00. Following the completion of the sale, the vice president now owns 10,040 shares of the company’s stock, valued at approximately $401,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Dhivya Suryadevara sold 34,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.40, for a total transaction of $1,299,874.40. Following the sale, the chief financial officer now directly owns 10,741 shares of the company’s stock, valued at approximately $401,713.40. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.
NYSE GM traded down $1.58 during trading on Wednesday, reaching $35.55. The company’s stock had a trading volume of 12,583,672 shares, compared to its average volume of 9,387,411. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $52.66 billion, a P/E ratio of 5.44, a P/E/G ratio of 0.63 and a beta of 1.27. General Motors has a 12 month low of $30.56 and a 12 month high of $45.00.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.32. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The firm had revenue of $34.88 billion during the quarter, compared to the consensus estimate of $35.56 billion. During the same quarter in the previous year, the firm posted $1.43 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts expect that General Motors will post 6.58 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Thursday, June 6th. General Motors’s dividend payout ratio (DPR) is presently 23.24%.
Several analysts recently commented on GM shares. Citigroup lifted their target price on shares of General Motors to $67.00 and gave the stock a “buy” rating in a report on Friday, February 8th. Royal Bank of Canada lifted their target price on shares of General Motors from $50.00 to $52.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Seaport Global Securities started coverage on shares of General Motors in a report on Wednesday, February 13th. They set a “buy” rating for the company. Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of General Motors in a report on Tuesday, March 26th. Finally, Nomura set a $42.00 target price on shares of General Motors and gave the stock a “hold” rating in a report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.60.
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About General Motors
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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