Stonegate Investment Group LLC Trims Stock Position in General Motors (NYSE:GM)

Stonegate Investment Group LLC trimmed its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,888 shares of the auto manufacturer’s stock after selling 3,676 shares during the period. Stonegate Investment Group LLC’s holdings in General Motors were worth $633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Strategic Investment Solutions Inc. IL purchased a new position in shares of General Motors during the 2nd quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the third quarter valued at about $27,000. Truvestments Capital LLC purchased a new position in General Motors during the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Motors during the fourth quarter valued at about $31,000. Finally, Eastern Bank purchased a new stake in shares of General Motors in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock worth $28,977,691 in the last quarter. 0.72% of the stock is owned by insiders.

General Motors Trading Down 8.8 %

NYSE:GM opened at $50.07 on Wednesday. General Motors has a 1 year low of $34.93 and a 1 year high of $61.24. The stock has a market cap of $55.06 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. 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 stock has a 50-day simple moving average of $53.14 and a 200-day simple moving average of $49.95.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, analysts anticipate that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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 given a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GM shares. Barclays lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Friday, October 11th. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and raised their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.17.

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.