General Motors (NYSE:GM) Shares Bought by Guidance Capital Inc.

Guidance Capital Inc. boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,334 shares of the auto manufacturer’s stock after purchasing an additional 1,227 shares during the quarter. Guidance Capital Inc.’s holdings in General Motors were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Crews Bank & Trust purchased a new stake in General Motors during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Motors in the 4th quarter worth about $31,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in General Motors during the third quarter worth $27,000. Finally, Eastern Bank bought a new position in shares of General Motors in the 3rd quarter worth about $34,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on GM shares. Mizuho upped their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Sanford C. Bernstein boosted their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, UBS Group upped their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.28.

Insider Buying and Selling

In other news, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM opened at $48.64 on Wednesday. The firm has a 50 day moving average of $52.39 and a 200 day moving average of $49.94. General Motors has a 52 week low of $37.60 and a 52 week high of $61.24. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, sell-side analysts predict that General Motors will post 11.41 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.99%. General Motors’s dividend payout ratio is presently 7.80%.

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.