Signaturefd LLC Sells 4,552 Shares of General Motors (NYSE:GM)

Signaturefd LLC cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 25.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,650 shares of the auto manufacturer’s stock after selling 4,552 shares during the quarter. Signaturefd LLC’s holdings in General Motors were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC lifted its holdings in shares of General Motors by 361.1% during the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after buying an additional 93,754 shares during the period. Foundry Partners LLC increased its stake in General Motors by 15.0% in the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after buying an additional 51,336 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of General Motors by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after purchasing an additional 14,002 shares in the last quarter. AM Squared Ltd grew its position in shares of General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock valued at $1,483,000 after purchasing an additional 27,300 shares in the last quarter. Finally, Strs Ohio grew its position in shares of General Motors by 7.7% during the fourth quarter. Strs Ohio now owns 1,532,997 shares of the auto manufacturer’s stock valued at $55,065,000 after purchasing an additional 109,760 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of GM stock opened at $45.07 on Thursday. The firm has a market cap of $52.03 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.51. The company’s 50 day moving average is $42.00 and its 200 day moving average is $36.12. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the company posted $2.21 earnings per share. General Motors’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that General Motors will post 9.26 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio is currently 5.87%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho raised their price objective on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. Redburn Atlantic assumed coverage on shares of General Motors in a research note on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price objective for the company. Tigress Financial raised their price objective on shares of General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 15th. Citigroup raised their price objective on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Piper Sandler raised their price objective on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.35.

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.