Register Financial Advisors LLC Has $664,000 Stake in General Motors (NYSE:GM)

Register Financial Advisors LLC raised its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,640 shares of the auto manufacturer’s stock after buying an additional 812 shares during the period. Register Financial Advisors LLC’s holdings in General Motors were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Highlander Capital Management LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. increased its holdings in shares of General Motors by 75.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 359 shares in the last quarter. Sachetta LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $33,000. Bfsg LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent research reports. Mizuho raised their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Citigroup raised their price objective on shares of General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wedbush raised their price objective on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. Finally, Barclays raised their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.91.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 150,000 shares of General Motors stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.44, for a total value of $6,516,000.00. Following the sale, the president now directly owns 176,907 shares in the company, valued at approximately $7,684,840.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other General Motors news, President Mark L. Reuss sold 150,000 shares of General Motors stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.44, for a total value of $6,516,000.00. Following the sale, the president now directly owns 176,907 shares in the company, valued at approximately $7,684,840.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 626,316 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the transaction, the chief executive officer now owns 1,198,648 shares in the company, valued at $52,093,242.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,152,621 shares of company stock worth $51,818,111. Insiders own 0.72% of the company’s stock.

General Motors Stock Up 1.9 %

Shares of NYSE:GM traded up $0.87 during midday trading on Friday, reaching $46.45. 15,020,188 shares of the company were exchanged, compared to its average volume of 16,183,494. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $49.35. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $45.60 and a two-hundred day simple moving average of $41.35. The firm has a market cap of $52.99 billion, a PE ratio of 5.68, a P/E/G ratio of 0.48 and a beta of 1.46.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the business posted $2.21 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts forecast that General Motors will post 9.43 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 7th were paid a $0.12 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.03%. General Motors’s payout ratio is currently 5.87%.

General Motors declared that its board has authorized a stock repurchase program on Tuesday, June 11th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.