General Motors (NYSE:GM) Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,318 shares of the auto manufacturer’s stock after selling 296 shares during the quarter. Founders Financial Securities LLC’s holdings in General Motors were worth $898,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of General Motors by 804.5% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,834 shares of the auto manufacturer’s stock worth $209,000 after acquiring an additional 5,189 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in shares of General Motors during the fourth quarter worth approximately $113,000. Apollon Wealth Management LLC boosted its position in shares of General Motors by 51.9% during the fourth quarter. Apollon Wealth Management LLC now owns 18,110 shares of the auto manufacturer’s stock worth $651,000 after buying an additional 6,186 shares during the period. Charles Schwab Investment Management Inc. increased its position in General Motors by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,327,552 shares of the auto manufacturer’s stock valued at $370,966,000 after acquiring an additional 558,765 shares during the period. Finally, Gryphon Financial Partners LLC bought a new stake in General Motors during the 4th quarter valued at $335,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Rory Harvey sold 12,795 shares of General Motors stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $417,307.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary T. Barra sold 326,305 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the sale, the chief executive officer now directly owns 898,648 shares in the company, valued at approximately $43,431,657.84. The disclosure for this sale can be found here. Insiders have sold a total of 391,402 shares of company stock worth $18,818,536 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.

General Motors Stock Up 0.1 %

Shares of GM opened at $48.45 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The company has a 50-day simple moving average of $46.21 and a 200-day simple moving average of $44.67. General Motors has a 52 week low of $26.30 and a 52 week high of $50.50. The firm has a market capitalization of $54.45 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.50 and a beta of 1.43.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. The firm had revenue of $47.97 billion for the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 earnings per share. On average, equities research analysts expect that General Motors will post 9.94 earnings per share for the current year.

General Motors declared that its board has authorized a share buyback plan on Tuesday, June 11th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are often an indication 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, September 19th. Investors of record on Friday, September 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, September 6th. General Motors’s dividend payout ratio is currently 5.87%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price target on General Motors from $32.00 to $34.00 and gave the company an “underweight” rating in a research note on Wednesday, July 24th. Morgan Stanley downgraded General Motors from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $46.00 to $47.00 in a research note on Wednesday, July 24th. Royal Bank of Canada decreased their target price on General Motors from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Bank of America reiterated a “buy” rating and issued a $75.00 price target on shares of General Motors in a research report on Wednesday, June 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus target price of $55.17.

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.