XML Financial LLC Cuts Stock Holdings in General Motors (NYSE:GM)

XML Financial LLC lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,580 shares of the auto manufacturer’s stock after selling 2,586 shares during the period. XML Financial LLC’s holdings in General Motors were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in General Motors during the second quarter valued at $25,000. Sugar Maple Asset Management LLC bought a new position in shares of General Motors in the 4th quarter valued at about $31,000. Catalyst Capital Advisors LLC purchased a new position in General Motors in the third quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the third quarter valued at approximately $27,000. Finally, Eastern Bank bought a new stake in shares of General Motors in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $52.77 on Thursday. The company has a market cap of $58.03 billion, a PE ratio of 5.63, a P/E/G ratio of 0.37 and a beta of 1.42. The firm’s 50 day moving average price is $53.39 and its 200-day moving average price is $49.74. 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 52-week low of $34.56 and a 52-week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results 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. The business had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. Sell-side analysts forecast that General Motors will post 10.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada increased their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Mizuho raised their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $60.00 in a research note on Tuesday. Wedbush raised their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, General Motors has a consensus rating of “Hold” and a consensus price target of $60.05.

Insider Activity at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares in the company, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, 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 514,344 shares of company stock valued at $28,977,691 over the last quarter. 0.72% of the stock is owned by corporate insiders.

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.