Larson Financial Group LLC Boosts Stock Holdings in General Motors (NYSE:GM)

Larson Financial Group LLC raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,534 shares of the auto manufacturer’s stock after purchasing an additional 396 shares during the period. Larson Financial Group LLC’s holdings in General Motors were worth $295,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter worth about $26,000. Compass Planning Associates Inc purchased a new position in General Motors during the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. grew its stake in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 498 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in General Motors during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by company insiders.

General Motors Trading Up 1.4 %

Shares of GM opened at $48.10 on Tuesday. The firm has a market cap of $47.85 billion, a price-to-earnings ratio of 7.82, 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 has a fifty-two week low of $38.94 and a fifty-two week high of $61.24. The firm has a 50 day moving average price of $49.59 and a 200-day moving average price of $50.51.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its board has approved a share buyback plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.00%. General Motors’s dividend payout ratio is currently 7.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. The Goldman Sachs Group set a $73.00 price objective on shares of General Motors in a research note on Saturday, March 1st. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.89.

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.