General Motors (NYSE:GM) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 14.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,699 shares of the auto manufacturer’s stock after buying an additional 2,500 shares during the period. Independent Advisor Alliance’s holdings in General Motors were worth $1,049,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the 4th quarter valued at about $26,000. Truvestments Capital LLC acquired a new position in shares of General Motors in the 3rd quarter valued at about $27,000. Compass Planning Associates Inc acquired a new position in shares of General Motors in the 4th quarter valued at about $27,000. Finally, Duncker Streett & Co. Inc. boosted its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM opened at $48.34 on Friday. The company’s 50 day moving average price is $49.23 and its 200 day moving average price is $50.47. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a market capitalization of $48.10 billion, a PE ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is 7.80%.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GM shares. Cowen started coverage on shares of General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. The Goldman Sachs Group set a $73.00 target price on shares of General Motors in a research note on Saturday, March 1st. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.89.

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.