Farther Finance Advisors LLC Buys 2,727 Shares of General Motors (NYSE:GM)

Farther Finance Advisors LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,748 shares of the auto manufacturer’s stock after purchasing an additional 2,727 shares during the quarter. Farther Finance Advisors LLC’s holdings in General Motors were worth $466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of General Motors by 19.7% during the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares during the last quarter. SYM FINANCIAL Corp bought a new stake in shares of General Motors during the fourth quarter worth $474,000. Asset Management One Co. Ltd. lifted its position in shares of General Motors by 9.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after purchasing an additional 39,474 shares during the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of General Motors during the fourth quarter worth $1,044,000. Finally, Handelsbanken Fonder AB lifted its position in shares of General Motors by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock worth $10,763,000 after purchasing an additional 19,924 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on GM shares. TD Cowen started coverage on General Motors in a research report on Friday, March 7th. They set a “buy” rating and a $105.00 target price for the company. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, UBS Group restated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, General Motors presently has an average rating of “Hold” and a consensus target price of $62.89.

General Motors Price Performance

Shares of GM stock opened at $48.34 on Monday. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The firm has a market capitalization of $48.10 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock’s 50-day simple moving average is $49.23 and its 200-day simple moving average is $50.48.

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

General Motors declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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 is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. General Motors’s dividend payout ratio is currently 7.80%.

General Motors 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.