Syon Capital LLC Makes New $433,000 Investment in General Motors (NYSE:GM)

Syon Capital LLC purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, Holdings Channel.com reports. The firm purchased 12,056 shares of the auto manufacturer’s stock, valued at approximately $433,000.

Other institutional investors have also modified their holdings of the company. Highlander Capital Management LLC bought a new position in General Motors in the fourth quarter worth about $27,000. SouthState Corp raised its position in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the period. Bfsg LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $35,000. Tennessee Valley Asset Management Partners bought a new stake in shares of General Motors in the 4th quarter worth approximately $36,000. Finally, BluePath Capital Management LLC acquired a new position in General Motors during the 3rd quarter valued at approximately $33,000. Institutional investors own 92.67% of the company’s stock.

Insider Activity

In other news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was 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 owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GM has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday. Sanford C. Bernstein started coverage on shares of General Motors in a research report on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. Redburn Atlantic initiated coverage on General Motors in a report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, UBS Group increased their price objective on General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $54.65.

General Motors Stock Up 0.4 %

Shares of NYSE:GM opened at $45.82 on Friday. The company has a market cap of $52.28 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The firm has a 50 day simple moving average of $42.27 and a 200 day simple moving average of $36.29. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a 52 week low of $26.30 and a 52 week high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, research analysts expect that General Motors will post 9.45 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. General Motors’s dividend payout ratio is currently 5.87%.

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.