RPg Family Wealth Advisory LLC Makes New Investment in General Motors (NYSE:GM)

RPg Family Wealth Advisory LLC acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,304 shares of the auto manufacturer’s stock, valued at approximately $58,000.

Several other hedge funds also recently bought and sold shares of the company. Blueshift Asset Management LLC increased its holdings in shares of General Motors by 229.0% in the third quarter. Blueshift Asset Management LLC now owns 56,950 shares of the auto manufacturer’s stock worth $2,554,000 after acquiring an additional 39,641 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in General Motors by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 442,171 shares of the auto manufacturer’s stock worth $19,827,000 after buying an additional 30,377 shares during the period. Townsquare Capital LLC lifted its stake in General Motors by 10.4% in the third quarter. Townsquare Capital LLC now owns 71,693 shares of the auto manufacturer’s stock valued at $3,215,000 after buying an additional 6,729 shares in the last quarter. Avestar Capital LLC boosted its holdings in shares of General Motors by 2.3% in the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after buying an additional 213 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of General Motors during the third quarter worth $134,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of research analyst reports. Nomura lowered shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price for the company. in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten 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 currently has an average rating of “Hold” and an average target price of $56.92.

General Motors Trading Up 1.3 %

Shares of GM stock opened at $55.50 on Thursday. General Motors has a fifty-two week low of $28.33 and a fifty-two week high of $61.24. The stock’s fifty day moving average price is $51.29 and its two-hundred day moving average price is $47.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market cap of $61.03 billion, a PE ratio of 5.92, a P/E/G ratio of 0.45 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 earnings per share. Equities analysts predict that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio is 5.12%.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction 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 directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock valued at $56,509,286 over the last 90 days. 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.