Smith Anglin Financial LLC Buys Shares of 4,446 General Motors (NYSE:GM)

Smith Anglin Financial LLC bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,446 shares of the auto manufacturer’s stock, valued at approximately $237,000.

Several other large investors also recently made changes to their positions in the stock. Park Avenue Securities LLC increased its position in shares of General Motors by 23.9% during the fourth quarter. Park Avenue Securities LLC now owns 47,849 shares of the auto manufacturer’s stock worth $2,549,000 after acquiring an additional 9,231 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of General Motors by 23.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 704,922 shares of the auto manufacturer’s stock worth $37,551,000 after acquiring an additional 135,289 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of General Motors by 113.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 10,459 shares of the auto manufacturer’s stock worth $557,000 after acquiring an additional 5,549 shares in the last quarter. Cooper Financial Group increased its position in shares of General Motors by 15.6% during the fourth quarter. Cooper Financial Group now owns 11,967 shares of the auto manufacturer’s stock worth $637,000 after acquiring an additional 1,615 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of General Motors by 12.2% during the fourth quarter. Wedmont Private Capital now owns 9,968 shares of the auto manufacturer’s stock worth $497,000 after acquiring an additional 1,082 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several research reports. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their target price on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wells Fargo & Company decreased 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 report on Monday, December 16th. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, Mizuho increased their price target on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.58.

General Motors Trading Up 2.6 %

Shares of General Motors stock opened at $52.26 on Wednesday. The firm has a market capitalization of $57.46 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $53.83 and its 200 day moving average is $49.56. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping 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 company earned $2.28 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.92%. General Motors’s dividend payout ratio is presently 5.12%.

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were 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 in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their position. 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 ninety days. Company insiders own 0.72% of the company’s stock.

About General Motors

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.