Centaurus Financial Inc. Has $405,000 Stake in General Motors (NYSE:GM)

Centaurus Financial Inc. grew its stake in shares of General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,633 shares of the auto manufacturer’s stock after purchasing an additional 1,167 shares during the period. Centaurus Financial Inc.’s holdings in General Motors were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of General Motors by 198.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,456,923 shares of the auto manufacturer’s stock valued at $300,352,000 after acquiring an additional 6,290,657 shares during the period. Renaissance Technologies LLC lifted its stake in shares of General Motors by 191.2% during the 2nd quarter. Renaissance Technologies LLC now owns 6,897,000 shares of the auto manufacturer’s stock valued at $219,049,000 after buying an additional 4,528,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of General Motors by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 111,810,845 shares of the auto manufacturer’s stock valued at $3,588,010,000 after buying an additional 4,251,190 shares in the last quarter. FIFTHDELTA Ltd purchased a new stake in shares of General Motors during the 2nd quarter valued at approximately $72,013,000. Finally, Peconic Partners LLC lifted its stake in shares of General Motors by 21,200.0% during the 3rd quarter. Peconic Partners LLC now owns 2,130,000 shares of the auto manufacturer’s stock valued at $68,352,000 after buying an additional 2,120,000 shares in the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.

General Motors Price Performance

GM stock opened at $33.38 on Friday. General Motors has a one year low of $30.33 and a one year high of $46.74. The company’s fifty day moving average price is $38.74 and its 200-day moving average price is $37.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 1.10. The company has a market capitalization of $46.55 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 0.56 and a beta of 1.36.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.44. The company had revenue of $43.11 billion for the quarter, compared to the consensus estimate of $40.62 billion. General Motors had a net margin of 6.34% and a return on equity of 16.08%. General Motors’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, equities analysts anticipate that General Motors will post 6.21 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Investors of record on Friday, March 3rd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 2nd. General Motors’s payout ratio is 5.87%.

Analysts Set New Price Targets

GM has been the topic of a number of recent research reports. Berenberg Bank cut shares of General Motors from a “buy” rating to a “hold” rating and dropped their price target for the company from $45.00 to $41.00 in a research note on Monday, January 30th. Barclays initiated coverage on shares of General Motors in a research note on Tuesday, February 14th. They set an “equal weight” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of General Motors from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. Tigress Financial restated a “strong-buy” rating and set a $86.00 price target on shares of General Motors in a research note on Tuesday, February 21st. Finally, Citigroup increased their target price on shares of General Motors from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

Insider Activity at General Motors

In related news, EVP Stephen K. Carlisle sold 18,000 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total transaction of $755,460.00. Following the sale, the executive vice president now owns 46,170 shares of the company’s stock, valued at $1,937,754.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other General Motors news, EVP Stephen K. Carlisle sold 18,000 shares of the business’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $41.97, for a total transaction of $755,460.00. Following the transaction, the executive vice president now owns 46,170 shares in the company, valued at $1,937,754.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gerald Johnson sold 15,743 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $42.65, for a total transaction of $671,438.95. Following the transaction, the executive vice president now owns 71,209 shares in the company, valued at approximately $3,037,063.85. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

General Motors Company Profile

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.