CreativeOne Wealth LLC Purchases 4,062 Shares of General Motors (NYSE:GM)

CreativeOne Wealth LLC grew its position in General Motors (NYSE:GM) (TSE:GMM.U) by 46.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,735 shares of the auto manufacturer’s stock after purchasing an additional 4,062 shares during the quarter. CreativeOne Wealth LLC’s holdings in General Motors were worth $678,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new position in General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. grew its position in shares of 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 buying an additional 498 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of 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 acquiring an additional 425 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is owned by company insiders.

General Motors Stock Up 0.7 %

General Motors stock opened at $44.55 on Friday. 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 $44.32 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.67 and a beta of 1.27. The firm has a 50 day moving average price of $47.10 and a 200-day moving average price of $50.29. 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 issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) 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%. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GM shares. Sanford C. Bernstein cut shares of General Motors from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $50.00 to $35.00 in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They set a “buy” rating and a $105.00 price objective for the company. Cowen began coverage on General Motors in a report on Thursday, March 6th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of General Motors from $73.00 to $63.00 and set a “buy” rating for the company 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.72.

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.