Cerity Partners LLC Boosts Holdings in General Motors (NYSE:GM)

Cerity Partners LLC boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 361.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 119,714 shares of the auto manufacturer’s stock after purchasing an additional 93,754 shares during the quarter. Cerity Partners LLC’s holdings in General Motors were worth $4,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp increased its holdings in shares of General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 485 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of General Motors by 85.8% in the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 283 shares during the last quarter. Highlander Capital Management LLC bought a new position in shares of General Motors in the 4th quarter worth $27,000. BluePath Capital Management LLC bought a new position in shares of General Motors in the 3rd quarter worth $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock worth $44,000 after buying an additional 525 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GM. Piper Sandler began coverage on shares of General Motors in a report on Friday, March 15th. They set a “neutral” rating and a $44.00 target price on the stock. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wedbush increased their target price on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays increased their target price on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Trading Down 0.5 %

NYSE:GM opened at $42.46 on Thursday. The company has a 50-day moving average price of $41.50 and a 200-day moving average price of $35.68. General Motors has a 12 month low of $26.30 and a 12 month high of $46.04. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The stock has a market cap of $49.02 billion, a price-to-earnings ratio of 5.81, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The firm had revenue of $42.98 billion during the quarter, compared to analysts’ expectations of $38.81 billion. During the same period last year, the company posted $2.12 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that General Motors will post 9.08 EPS for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.12 per share. This is a boost from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, February 29th. General Motors’s dividend payout ratio (DPR) is 6.57%.

Insider Activity at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 in the last three months. Company insiders own 0.54% of the company’s stock.

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.