Commerce Bank Acquires 316 Shares of General Motors (NYSE:GM)

Commerce Bank lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 41,459 shares of the auto manufacturer’s stock after purchasing an additional 316 shares during the period. Commerce Bank’s holdings in General Motors were worth $2,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. lifted its holdings 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 worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. grew its stake in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other General Motors news, 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 bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Performance

General Motors stock opened at $44.40 on Tuesday. The company has a market capitalization of $44.18 billion, a PE ratio of 7.22, a P/E/G ratio of 0.67 and a beta of 1.27. The firm has a fifty day simple moving average of $47.03 and a two-hundred day simple moving average of $50.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24.

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, beating 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%. Research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. UBS Group reissued a “neutral” rating and set a $51.00 price objective (down from $64.00) on shares of General Motors in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft cut General Motors from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of General Motors from $73.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Mizuho dropped their price target on shares of General Motors from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, General Motors has an average rating of “Hold” and a consensus target price of $56.72.

About General Motors

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.