Fortem Financial Group LLC Acquires 630 Shares of General Motors (NYSE:GM)

Fortem Financial Group LLC raised its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,322 shares of the auto manufacturer’s stock after acquiring an additional 630 shares during the quarter. Fortem Financial Group LLC’s holdings in General Motors were worth $1,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the third quarter worth $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the third quarter valued at $27,000. Fairscale Capital LLC purchased a new position in shares of General Motors in the 2nd quarter worth about $36,000. Finally, Eastern Bank bought a new position in General Motors in the 3rd quarter worth about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of GM traded up $1.59 during mid-day trading on Monday, reaching $53.36. The stock had a trading volume of 6,865,870 shares, compared to its average volume of 8,569,432. The firm has a market cap of $58.67 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The business has a fifty day moving average of $53.94 and a 200 day moving average of $49.35. General Motors has a 12 month low of $34.32 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the previous year, the business earned $2.28 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Equities analysts predict that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. General Motors’s dividend payout ratio is 5.12%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Wedbush upped their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein boosted their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.58.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

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.