SeaCrest Wealth Management LLC Has $294,000 Holdings in General Motors (NYSE:GM)

SeaCrest Wealth Management LLC lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,556 shares of the auto manufacturer’s stock after selling 248 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in General Motors were worth $294,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors during the 2nd quarter valued at $25,000. Wellington Shields Capital Management LLC bought a new position in General Motors in the second quarter valued at about $28,000. Fortitude Family Office LLC boosted its stake in shares of General Motors by 56.1% during the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 225 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of General Motors during the first quarter worth about $30,000. Finally, EdgeRock Capital LLC acquired a new position in shares of General Motors in the second quarter valued at approximately $33,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on GM. Morgan Stanley lowered shares of General Motors from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Nomura Securities upgraded General Motors to a “strong sell” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $53.00 target price on shares of General Motors in a report on Tuesday, September 10th. Nomura cut General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target for the company. in a research note on Monday, August 5th. Finally, Barclays lifted their price objective on General Motors from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors has an average rating of “Hold” and an average target price of $55.35.

General Motors Trading Down 0.4 %

Shares of General Motors stock opened at $49.18 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. General Motors has a 52 week low of $26.30 and a 52 week high of $50.50. The stock has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $45.92. The stock has a market capitalization of $56.11 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business had revenue of $47.97 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the business posted $1.91 EPS. General Motors’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts anticipate that General Motors will post 9.95 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were given a $0.12 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.48 annualized dividend and a yield of 0.98%. General Motors’s payout ratio is 5.87%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 12,795 shares of the firm’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 owns 8,513 shares in the company, valued at $417,307.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Rory Harvey sold 12,795 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at $417,307.26. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Paul A. Jacobson purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the transaction, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at $11,551,173.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

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.