General Motors (NYSE:GM) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) by 41.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,054 shares of the auto manufacturer’s stock after selling 57,496 shares during the period. SG Americas Securities LLC’s holdings in General Motors were worth $2,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GM. Blair William & Co. IL grew its stake in shares of General Motors by 10.6% during the first quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock worth $6,890,000 after purchasing an additional 15,117 shares in the last quarter. Aviva PLC raised its holdings in shares of General Motors by 32.7% in the first quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock valued at $12,181,000 after buying an additional 68,683 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of General Motors by 12.8% in the first quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock valued at $471,000 after buying an additional 1,225 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of General Motors by 13.9% in the first quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock valued at $208,000 after buying an additional 581 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of General Motors by 5.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock valued at $4,540,000 after buying an additional 5,184 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 1.0 %

GM stock opened at $44.00 on Wednesday. The company’s 50 day simple moving average is $38.91 and its 200-day simple moving average is $34.38. The firm has a market capitalization of $50.79 billion, a PE ratio of 6.02, a P/E/G ratio of 0.53 and a beta of 1.50. General Motors has a 12 month low of $26.30 and a 12 month high of $44.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.16 by $0.08. The business had revenue of $42.98 billion for the quarter, compared to analyst estimates of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 earnings per share. Equities analysts expect that General Motors will post 9 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a dividend of $0.12 per share. This is an increase from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.09%. General Motors’s dividend payout ratio is presently 6.57%.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. Barclays increased their price target on shares of General Motors from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Piper Sandler initiated coverage on shares of General Motors in a report on Friday, March 15th. They set a “neutral” rating and a $44.00 price target for the company. Royal Bank of Canada increased their price target on shares of General Motors from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, HSBC initiated coverage on shares of General Motors in a research report on Monday, December 4th. They set a “buy” rating and a $41.30 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.63.

Read Our Latest Analysis on GM

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,626 shares of company stock valued at $2,229,036. Company insiders own 0.54% of the company’s stock.

About General Motors

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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