Curated Wealth Partners LLC Raises Holdings in General Motors (NYSE:GM)

Curated Wealth Partners LLC lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,596 shares of the auto manufacturer’s stock after purchasing an additional 1,252 shares during the quarter. Curated Wealth Partners LLC’s holdings in General Motors were worth $1,150,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors during the second quarter worth about $25,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Motors in the 4th quarter valued at $31,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the third quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the third quarter worth $27,000. Finally, Eastern Bank acquired a new position in General Motors during the third quarter valued at $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Down 0.5 %

Shares of General Motors stock opened at $53.95 on Friday. The stock has a 50 day moving average of $53.23 and a 200 day moving average of $49.80. 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 firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a fifty-two week low of $34.71 and a fifty-two week high of $61.24.

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, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $2.28 EPS. As a group, research analysts predict that General Motors will post 10.34 earnings per share for the current year.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the firm’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 of the company’s stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares in the company, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 514,344 shares of company stock worth $28,977,691. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GM shares. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wedbush lifted their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein upped their price objective on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Motors presently has a consensus rating of “Hold” and a consensus target price of $61.17.

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.