Cooper Financial Group Raises Stock Holdings in General Motors (NYSE:GM)

Cooper Financial Group raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,967 shares of the auto manufacturer’s stock after purchasing an additional 1,615 shares during the period. Cooper Financial Group’s holdings in General Motors were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in General Motors in the third quarter worth $27,000. Eastern Bank acquired a new position in shares of General Motors during the third quarter worth $34,000. Finally, Fairscale Capital LLC purchased a new stake in shares of General Motors during the 2nd quarter valued at $36,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 0.1 %

GM stock opened at $49.88 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a one year low of $34.32 and a one year high of $61.24. The firm’s fifty day moving average is $53.89 and its 200 day moving average is $49.53. The firm has a market cap of $54.85 billion, a PE ratio of 5.32, a P/E/G ratio of 0.40 and a beta of 1.42.

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

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.12 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. General Motors’s dividend payout ratio is presently 5.12%.

Analyst Ratings Changes

Several research analysts recently issued reports on GM shares. Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Wedbush upped their price objective 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. Wells Fargo & Company lowered their target price on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $59.58.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $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 available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents 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 1,030,475 shares of company stock worth $56,509,286 in the last quarter. Company insiders own 0.72% of the company’s stock.

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.