ARS Wealth Advisors Group LLC Takes $205,000 Position in General Motors (NYSE:GM)

ARS Wealth Advisors Group LLC acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,843 shares of the auto manufacturer’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smith Anglin Financial LLC acquired a new position in General Motors during the 4th quarter worth about $237,000. Park Avenue Securities LLC lifted its stake in shares of General Motors by 23.9% in the fourth quarter. Park Avenue Securities LLC now owns 47,849 shares of the auto manufacturer’s stock worth $2,549,000 after acquiring an additional 9,231 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of General Motors by 23.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 704,922 shares of the auto manufacturer’s stock worth $37,551,000 after acquiring an additional 135,289 shares during the period. Miracle Mile Advisors LLC boosted its holdings in General Motors by 113.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 10,459 shares of the auto manufacturer’s stock valued at $557,000 after acquiring an additional 5,549 shares during the last quarter. Finally, Cooper Financial Group increased its position in General Motors by 15.6% during the 4th quarter. Cooper Financial Group now owns 11,967 shares of the auto manufacturer’s stock valued at $637,000 after purchasing an additional 1,615 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Wedbush boosted their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their price target on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group boosted their price objective on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.58.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the business’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 completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock valued at $56,509,286 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.

General Motors Trading Up 1.4 %

GM opened at $51.65 on Thursday. The firm has a market capitalization of $56.79 billion, a PE ratio of 5.51, a P/E/G ratio of 0.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a fifty-two week low of $34.32 and a fifty-two week high of $61.24. The company’s 50-day moving average is $53.83 and its 200 day moving average is $49.56.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter last year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts predict that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.93%. General Motors’s dividend payout ratio is currently 5.12%.

About General Motors

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.