9,588 Shares in General Motors (NYSE:GM) Purchased by SFG Wealth Management LLC.

SFG Wealth Management LLC. purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,588 shares of the auto manufacturer’s stock, valued at approximately $511,000.

Several other institutional investors have also recently made changes to their positions in GM. UMB Bank n.a. boosted its position in shares of General Motors by 9.8% during the 4th quarter. UMB Bank n.a. now owns 7,859 shares of the auto manufacturer’s stock worth $419,000 after purchasing an additional 702 shares during the period. Artemis Investment Management LLP lifted its stake in General Motors by 29.1% during the 4th quarter. Artemis Investment Management LLP now owns 2,068,133 shares of the auto manufacturer’s stock worth $110,169,000 after acquiring an additional 466,277 shares in the last quarter. Romano Brothers AND Company acquired a new position in General Motors in the 4th quarter valued at about $223,000. Whitaker Myers Wealth Managers LTD. purchased a new stake in General Motors during the fourth quarter worth about $293,000. Finally, HB Wealth Management LLC lifted its position in shares of General Motors by 17.2% during the fourth quarter. HB Wealth Management LLC now owns 23,419 shares of the auto manufacturer’s stock worth $1,248,000 after purchasing an additional 3,439 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 9,307 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $459,787.13. This represents a 52.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the sale, 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 have sold a total of 1,030,475 shares of company stock valued at $56,509,286 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GM shares. Sanford C. Bernstein upped their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, December 16th. Finally, UBS Group upped their price objective on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.68.

General Motors Trading Down 1.8 %

Shares of General Motors stock opened at $50.90 on Monday. The company’s fifty day moving average is $53.60 and its two-hundred day moving average is $49.64. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market capitalization of $55.97 billion, a P/E ratio of 5.43, a PEG ratio of 0.36 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results 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. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts forecast that General Motors will post 10.34 earnings per share for the current year.

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.