Savant Capital LLC Boosts Stake in General Motors (NYSE:GM)

Savant Capital LLC increased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 34.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,770 shares of the auto manufacturer’s stock after buying an additional 5,090 shares during the period. Savant Capital LLC’s holdings in General Motors were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GM. SouthState Corp boosted its position in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the period. Highlander Capital Management LLC purchased a new position in General Motors in the 4th quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new position in General Motors in the 3rd quarter valued at approximately $33,000. Bfsg LLC purchased a new position in General Motors in the 4th quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in General Motors in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Sanford C. Bernstein started coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 price objective for the company. Redburn Atlantic started coverage on shares of General Motors in a research report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Citigroup lifted their price objective on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.65.

Insider Transactions at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the business’s 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 in the company, valued at $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the transaction, the executive vice president now directly owns 12,658 shares in the company, valued at $544,800.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock worth $3,614,078 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

General Motors Trading Up 0.4 %

NYSE GM opened at $44.86 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market cap of $51.18 billion, a PE ratio of 5.48, a P/E/G ratio of 0.53 and a beta of 1.49. General Motors has a one year low of $26.30 and a one year high of $46.17. The firm’s fifty day moving average is $42.84 and its two-hundred day moving average is $36.79.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.21 earnings per share. Analysts expect that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.07%. General Motors’s dividend payout ratio (DPR) is 5.87%.

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.