Arete Wealth Advisors LLC Has $239,000 Stake in General Motors (NYSE:GM)

Arete Wealth Advisors LLC lowered its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,484 shares of the auto manufacturer’s stock after selling 368 shares during the quarter. Arete Wealth Advisors LLC’s holdings in General Motors were worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in General Motors in the 4th quarter valued at about $26,000. Compass Planning Associates Inc acquired a new position in General Motors during the 4th quarter valued at about $27,000. Duncker Streett & Co. Inc. increased its holdings in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

GM opened at $44.22 on Monday. The firm has a 50-day moving average price of $48.22 and a 200-day moving average price of $50.58. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.67 and a beta of 1.27.

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 (EPS) for the quarter, beating 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%. Equities analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors announced that its board has initiated a stock buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.09%. General Motors’s dividend payout ratio is currently 7.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GM shares. The Goldman Sachs Group set a $73.00 price target on General Motors in a report on Saturday, March 1st. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and raised their price target for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Cowen assumed coverage on shares of General Motors in a research report on Thursday, March 6th. They issued a “buy” rating for the company. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.11.

General Motors 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.