KMG Fiduciary Partners LLC Acquires 3,273 Shares of General Motors (NYSE:GM)

KMG Fiduciary Partners LLC increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,014 shares of the auto manufacturer’s stock after purchasing an additional 3,273 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in General Motors were worth $3,463,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GM. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors in the second quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the third quarter valued at $27,000. Truvestments Capital LLC acquired a new position in General Motors in the third quarter valued at $27,000. Eastern Bank acquired a new position in General Motors in the third quarter valued at $34,000. Finally, Fairscale Capital LLC acquired a new position in General Motors in the second quarter valued at $36,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

General Motors stock opened at $51.80 on Friday. 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 fifty-two week low of $34.32 and a fifty-two week high of $61.24. The firm’s fifty day moving average price is $53.76 and its 200-day moving average price is $49.58. The stock has a market cap of $56.96 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 0.36 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 EPS. On average, equities research analysts expect that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a $0.12 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.93%. General Motors’s dividend payout ratio is 5.12%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GM. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Mizuho upped their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Wedbush upped their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Friday, October 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Motors presently has an average rating of “Hold” and a consensus price target of $59.68.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the sale, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock valued at $56,509,286. 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.