General Motors (NYSE:GM) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,805 shares of the auto manufacturer’s stock after selling 471 shares during the quarter. Avantax Advisory Services Inc.’s holdings in General Motors were worth $3,665,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GM. Aptus Capital Advisors LLC raised its stake in shares of General Motors by 5.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 12,069 shares of the auto manufacturer’s stock worth $541,000 after buying an additional 604 shares during the period. KBC Group NV raised its stake in General Motors by 14.6% in the 3rd quarter. KBC Group NV now owns 196,992 shares of the auto manufacturer’s stock valued at $8,833,000 after purchasing an additional 25,117 shares during the last quarter. Metis Global Partners LLC raised its stake in General Motors by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock valued at $1,625,000 after purchasing an additional 230 shares during the last quarter. CIBC Asset Management Inc raised its stake in General Motors by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 170,693 shares of the auto manufacturer’s stock valued at $7,654,000 after purchasing an additional 12,649 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in General Motors by 0.9% in the 3rd quarter. Empirical Finance LLC now owns 44,499 shares of the auto manufacturer’s stock valued at $1,995,000 after purchasing an additional 404 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of General Motors stock opened at $48.34 on Friday. The business has a 50-day moving average of $49.23 and a 200 day moving average of $50.47. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The stock has a market capitalization of $48.10 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 7.80%.

General Motors announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on GM shares. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Cowen assumed coverage on General Motors in a research note on Thursday, March 6th. They issued a “buy” rating for the company. TD Cowen assumed coverage on General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 target price for the company. Finally, StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.89.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were bought at an average price 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 trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company 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.