PFG Advisors Takes $210,000 Position in General Motors (NYSE:GM)

PFG Advisors acquired a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,935 shares of the auto manufacturer’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. increased its stake in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 498 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in General Motors during the fourth quarter worth approximately $28,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM opened at $48.34 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $48.10 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.67 and a beta of 1.42. The business’s 50-day moving average is $49.23 and its 200-day moving average is $50.47. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. UBS Group reiterated a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. TD Cowen initiated coverage on shares of General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Cowen assumed coverage on shares of General Motors in a report on Thursday, March 6th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.89.

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.