Strategic Financial Concepts LLC Invests $783,000 in General Motors (NYSE:GM)

Strategic Financial Concepts LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,698 shares of the auto manufacturer’s stock, valued at approximately $783,000.

Several other hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC raised its position in General Motors by 22.9% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 12,775 shares of the auto manufacturer’s stock valued at $681,000 after purchasing an additional 2,380 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in General Motors in the fourth quarter worth approximately $175,000. Adero Partners LLC acquired a new position in General Motors during the 4th quarter worth approximately $206,000. Bleakley Financial Group LLC increased its position in shares of General Motors by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 18,434 shares of the auto manufacturer’s stock valued at $982,000 after purchasing an additional 408 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of General Motors by 2.6% in the 4th quarter. Choreo LLC now owns 105,430 shares of the auto manufacturer’s stock valued at $5,624,000 after purchasing an additional 2,642 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the business’s 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 sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

General Motors stock opened at $46.69 on Wednesday. The firm’s 50 day simple moving average is $51.63 and its 200-day simple moving average is $49.96. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a fifty-two week low of $37.83 and a fifty-two week high of $61.24. The company has a market cap of $46.46 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, equities research analysts predict that General Motors will post 11.28 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.03%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Sanford C. Bernstein boosted their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. UBS Group upped their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada increased their target price on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.28.

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.