Crewe Advisors LLC Invests $63,000 in General Motors (NYSE:GM)

Crewe Advisors LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 1st quarter, Holdings Channel reports. The fund purchased 1,383 shares of the auto manufacturer’s stock, valued at approximately $63,000.

A number of other large investors also recently modified their holdings of GM. Burns Matteson Capital Management LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $457,000. Oxford Financial Group LTD. LLC bought a new position in shares of General Motors in the 1st quarter valued at about $236,000. Lake Street Advisors Group LLC acquired a new position in shares of General Motors during the 1st quarter worth about $261,000. Bessemer Group Inc. raised its holdings in shares of General Motors by 309.2% in the 1st quarter. Bessemer Group Inc. now owns 54,882 shares of the auto manufacturer’s stock valued at $2,489,000 after purchasing an additional 41,470 shares during the period. Finally, Mirova lifted its stake in General Motors by 23.1% in the 1st quarter. Mirova now owns 174,368 shares of the auto manufacturer’s stock valued at $7,908,000 after purchasing an additional 32,757 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GM. Royal Bank of Canada upped their price objective on General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Wedbush reaffirmed an “outperform” rating and set a $55.00 price target on shares of General Motors in a report on Wednesday. Sanford C. Bernstein started coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 price objective for the company. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.38.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 326,305 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the sale, the chief executive officer now directly owns 898,648 shares of the company’s stock, valued at approximately $43,431,657.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Motors news, CEO Mary T. Barra sold 326,305 shares of General Motors stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the transaction, the chief executive officer now directly owns 898,648 shares of the company’s stock, valued at approximately $43,431,657.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Mark L. Reuss sold 150,000 shares of General Motors stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.44, for a total value of $6,516,000.00. Following the completion of the transaction, the president now directly owns 176,907 shares in the company, valued at $7,684,840.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,152,621 shares of company stock worth $51,818,111. 0.72% of the stock is currently owned by insiders.

General Motors Price Performance

NYSE GM traded down $0.39 during trading on Friday, hitting $43.74. 5,547,597 shares of the company’s stock were exchanged, compared to its average volume of 15,925,374. The company has a market cap of $49.16 billion, a PE ratio of 5.39, a P/E/G ratio of 0.49 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 1.23. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.50. The stock’s 50 day moving average price is $46.52 and its two-hundred day moving average price is $42.91.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the company earned $1.91 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts expect that General Motors will post 9.58 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.10%. General Motors’s dividend payout ratio is currently 5.87%.

General Motors declared that its Board of Directors has initiated a stock buyback plan on Tuesday, June 11th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.