Crossmark Global Holdings Inc. lifted its position in shares of General Motors (NYSE:GM – Free Report) (TSE:GMM.U) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,837 shares of the auto manufacturer’s stock after purchasing an additional 1,353 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in General Motors were worth $7,396,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its position in General Motors by 8.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,487 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 423 shares during the period. AE Wealth Management LLC grew its stake in shares of General Motors by 48.7% in the 2nd quarter. AE Wealth Management LLC now owns 10,298 shares of the auto manufacturer’s stock worth $478,000 after buying an additional 3,373 shares during the last quarter. ProShare Advisors LLC increased its position in General Motors by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 195,744 shares of the auto manufacturer’s stock valued at $9,094,000 after buying an additional 8,276 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in General Motors during the second quarter valued at $220,000. Finally, 1832 Asset Management L.P. boosted its holdings in General Motors by 2.6% in the second quarter. 1832 Asset Management L.P. now owns 61,576 shares of the auto manufacturer’s stock worth $2,861,000 after acquiring an additional 1,566 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.
General Motors Price Performance
GM stock opened at $53.97 on Wednesday. General Motors has a 1 year low of $34.56 and a 1 year high of $61.24. The firm has a market capitalization of $59.34 billion, a PE ratio of 5.75, a price-to-earnings-growth ratio of 0.37 and a beta of 1.42. The business has a 50 day simple moving average of $53.46 and a 200-day simple moving average of $49.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Wednesday, December 11th. Wedbush lifted their target price on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Mizuho upped their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group lifted their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.05.
View Our Latest Analysis on GM
Insider Buying and Selling
In other news, President Mark L. Reuss sold 122,283 shares of the company’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 of the company’s stock, valued at approximately $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction 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 sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is currently owned by insiders.
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.
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