Signet Financial Management LLC Sells 472 Shares of General Motors (NYSE:GM)

Signet Financial Management LLC lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,492 shares of the auto manufacturer’s stock after selling 472 shares during the quarter. Signet Financial Management LLC’s holdings in General Motors were worth $1,464,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in General Motors during the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased 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 during the third quarter valued at about $27,000. Eastern Bank bought a new stake in General Motors in the 3rd quarter worth about $34,000. Finally, Fairscale Capital LLC purchased a new stake in General Motors in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $459,787.13. This trade represents a 52.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock worth $56,509,286 in the last three months. 0.72% of the stock is owned by insiders.

General Motors Price Performance

Shares of NYSE:GM traded up $0.03 during trading on Monday, reaching $49.88. The company had a trading volume of 7,946,126 shares, compared to its average volume of 8,703,417. The company has a fifty day moving average of $53.93 and a two-hundred day moving average of $49.50. 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 $54.85 billion, a P/E ratio of 5.32, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. General Motors has a 12 month low of $34.32 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion for 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 company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. Equities research analysts forecast that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. General Motors’s dividend payout ratio (DPR) is currently 5.12%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays upped their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wedbush raised their target price on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. Royal Bank of Canada lifted their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, DZ Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.58.

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.