Ballentine Partners LLC Acquires 589 Shares of General Motors (NYSE:GM)

Ballentine Partners LLC increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,150 shares of the auto manufacturer’s stock after purchasing an additional 589 shares during the period. Ballentine Partners LLC’s holdings in General Motors were worth $914,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in General Motors in the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the third quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of General Motors in the third quarter worth about $27,000. Eastern Bank acquired a new position in shares of General Motors during the 3rd quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new stake in General Motors during the 3rd quarter valued at approximately $37,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group lifted their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. 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 research report on Wednesday, December 11th. DZ Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a report on Friday, October 11th. Mizuho boosted their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Wedbush increased their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.05.

General Motors Price Performance

Shares of General Motors stock opened at $52.77 on Thursday. General Motors has a 1-year low of $34.56 and a 1-year high of $61.24. The firm’s 50-day moving average price is $53.39 and its two-hundred day moving average price is $49.74. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $58.03 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.37 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. On average, equities analysts predict that General Motors will post 10.34 earnings per share for the current fiscal year.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock valued at $28,977,691 over the last ninety days. 0.72% of the stock is owned by insiders.

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.