Valeo Financial Advisors LLC Increases Position in General Motors (NYSE:GM)

Valeo Financial Advisors LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,555 shares of the auto manufacturer’s stock after acquiring an additional 4,454 shares during the period. Valeo Financial Advisors LLC’s holdings in General Motors were worth $5,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors in the 2nd quarter worth approximately $25,000. Wellington Shields Capital Management LLC purchased a new position in shares of General Motors in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC boosted its position in General Motors by 56.1% during the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of General Motors in the first quarter valued at approximately $30,000. Finally, EdgeRock Capital LLC acquired a new position in shares of General Motors during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GM. Morgan Stanley downgraded shares of General Motors from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $47.00 to $42.00 in a report on Wednesday, September 25th. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday. Nomura Securities upgraded General Motors to a “strong sell” rating in a research report on Monday, August 5th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $54.00 price target on shares of General Motors in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, General Motors presently has an average rating of “Hold” and an average target price of $55.16.

General Motors Stock Up 0.4 %

GM stock opened at $47.87 on Friday. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.50. The company’s 50 day moving average price is $46.27 and its 200 day moving average price is $45.79. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The firm has a market capitalization of $53.80 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.39. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. On average, equities research analysts anticipate that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. General Motors’s payout ratio is currently 5.39%.

Insider Activity

In other news, CFO Paul A. Jacobson bought 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the transaction, the chief financial officer now owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General Motors news, CFO Paul A. Jacobson purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $44.11 per share, for a total transaction of $1,102,750.00. Following the purchase, the chief financial officer now directly owns 261,872 shares in the company, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the transaction, the executive vice president now owns 10,356 shares in the company, valued at approximately $489,942.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.