PFG Investments LLC Purchases 806 Shares of General Motors (NYSE:GM)

PFG Investments LLC raised its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 14,448 shares of the auto manufacturer’s stock after buying an additional 806 shares during the quarter. PFG Investments LLC’s holdings in General Motors were worth $770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in GM. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors during the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Motors during the 3rd quarter valued at about $27,000. Truvestments Capital LLC bought a new stake in shares of General Motors during the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Motors during the 4th quarter valued at about $31,000. Finally, Eastern Bank bought a new position in shares of General Motors during the 3rd quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Royal Bank of Canada boosted their price objective on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Wedbush boosted their price objective on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, UBS Group boosted their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.17.

General Motors Stock Down 8.8 %

Shares of GM opened at $50.07 on Wednesday. The stock has a market capitalization of $55.06 billion, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. General Motors has a 1 year low of $34.93 and a 1 year high of $61.24. The business’s 50 day simple moving average is $53.14 and its 200-day simple moving average is $49.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. As a group, equities analysts expect that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.96%. General Motors’s payout ratio is presently 5.12%.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s 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 transaction, the executive vice president now directly 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. In the last 90 days, insiders have sold 514,344 shares of company stock worth $28,977,691. Company insiders own 0.72% of the company’s stock.

General Motors 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.