Fi3 FINANCIAL ADVISORS LLC Invests $237,000 in General Motors (NYSE:GM)

Fi3 FINANCIAL ADVISORS LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,441 shares of the auto manufacturer’s stock, valued at approximately $237,000.

A number of other institutional investors also recently modified their holdings of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth $26,000. Truvestments Capital LLC acquired a new position in shares of General Motors during the 3rd quarter worth $27,000. Compass Planning Associates Inc bought a new stake in General Motors during the 4th quarter worth $27,000. Finally, Duncker Streett & Co. Inc. grew its position in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 498 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

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

General Motors Stock Up 0.7 %

Shares of General Motors stock opened at $49.77 on Friday. General Motors has a one year low of $38.96 and a one year high of $61.24. 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 stock’s 50-day moving average is $49.02 and its 200 day moving average is $50.46. The firm has a market cap of $49.53 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.42.

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

General Motors declared that its board has authorized a share repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. General Motors’s payout ratio is 7.80%.

Analyst Ratings Changes

GM has been the topic of a number of research reports. Piper Sandler boosted their price objective on General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. TD Cowen initiated coverage on General Motors in a research report on Friday, March 7th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Three investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.06.

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.