Caprock Group LLC Buys 7,645 Shares of General Motors (NYSE:GM)

Caprock Group LLC lifted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,047 shares of the auto manufacturer’s stock after buying an additional 7,645 shares during the quarter. Caprock Group LLC’s holdings in General Motors were worth $1,974,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GM. Crews Bank & Trust bought a new position in shares of General Motors in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new stake in General Motors in the 4th quarter valued at about $31,000. Catalyst Capital Advisors LLC bought a new position in General Motors during the third quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors during the third quarter worth approximately $27,000. Finally, Eastern Bank bought a new stake in General Motors in the third quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

GM stock opened at $49.46 on Friday. The company’s 50-day moving average price is $52.64 and its two-hundred day moving average price is $49.95. General Motors has a 12 month low of $37.60 and a 12 month high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market cap of $49.21 billion, a P/E ratio of 8.04, a P/E/G ratio of 0.28 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, analysts anticipate that General Motors will post 11.45 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors 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 sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 514,344 shares of company stock worth $28,977,691 over the last 90 days. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GM. JPMorgan Chase & Co. lifted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Barclays upped their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price target on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, DZ Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.28.

General Motors 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.