Focus Financial Network Inc. Takes Position in General Motors (NYSE:GM)

Focus Financial Network Inc. purchased a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,045 shares of the auto manufacturer’s stock, valued at approximately $215,000.

Other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its holdings in General Motors by 11.4% in the 4th quarter. Summit Trail Advisors LLC now owns 30,400 shares of the auto manufacturer’s stock worth $1,619,000 after acquiring an additional 3,117 shares during the last quarter. Opal Wealth Advisors LLC boosted its position in General Motors by 6.3% during the fourth quarter. Opal Wealth Advisors LLC now owns 5,377 shares of the auto manufacturer’s stock worth $286,000 after purchasing an additional 320 shares during the period. Savant Capital LLC raised its position in shares of General Motors by 2.2% in the fourth quarter. Savant Capital LLC now owns 120,040 shares of the auto manufacturer’s stock valued at $6,395,000 after purchasing an additional 2,542 shares during the period. Angeles Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $238,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in General Motors in the 4th quarter worth approximately $394,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GM shares. Royal Bank of Canada boosted their target price on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Sanford C. Bernstein lifted their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Wedbush increased their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.28.

General Motors Stock Up 0.9 %

Shares of GM opened at $48.33 on Friday. General Motors has a 1 year low of $38.13 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $51.26 and a two-hundred day simple moving average of $49.95. The firm has a market cap of $48.09 billion, a P/E ratio of 7.86, a P/E/G ratio of 0.68 and a beta of 1.40.

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 forecast that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Insider Activity

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

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.