Quest Partners LLC Purchases Shares of 6,804 General Motors (NYSE:GM)

Quest Partners LLC purchased a new position in General Motors (NYSE:GMFree Report) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,804 shares of the auto manufacturer’s stock, valued at approximately $244,000.

Other hedge funds have also modified their holdings of the company. Handelsbanken Fonder AB lifted its position in shares of General Motors by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock worth $17,064,000 after buying an additional 74,194 shares during the last quarter. Cerity Partners LLC boosted its stake in General Motors by 361.1% in the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after acquiring an additional 93,754 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of General Motors by 15.0% during the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after purchasing an additional 51,336 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of General Motors by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after purchasing an additional 14,002 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of General Motors by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,327,552 shares of the auto manufacturer’s stock valued at $370,966,000 after purchasing an additional 558,765 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on GM. Tigress Financial increased their price objective on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Piper Sandler upped their target price on shares of General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their price target on General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group boosted their target price on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.65.

Check Out Our Latest Research Report on General Motors

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now 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 the SEC website. In other news, CAO Christopher Hatto sold 3,500 shares of the company’s 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 owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders sold a total of 41,722 shares of company stock valued at $1,856,606 over the last three months. 0.72% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of GM stock opened at $44.11 on Monday. The stock has a fifty day moving average price of $44.30 and a 200 day moving average price of $38.62. 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 stock has a market cap of $50.33 billion, a PE ratio of 5.39, a P/E/G ratio of 0.51 and a beta of 1.49. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period in the previous year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts forecast that General Motors will post 9.4 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, June 7th. General Motors’s payout ratio is 5.87%.

General Motors Profile

(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.

Featured Articles

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.