Colonial River Investments LLC Buys 1,091 Shares of General Motors (NYSE:GM)

Colonial River Investments LLC grew its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 22.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,873 shares of the auto manufacturer’s stock after acquiring an additional 1,091 shares during the quarter. Colonial River Investments LLC’s holdings in General Motors were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in shares of General Motors during the 4th quarter valued at $505,000. Howard Capital Management Inc. lifted its position in shares of General Motors by 0.4% during the 4th quarter. Howard Capital Management Inc. now owns 106,752 shares of the auto manufacturer’s stock worth $5,687,000 after buying an additional 446 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in General Motors in the fourth quarter valued at about $245,000. TCW Group Inc. grew its position in General Motors by 1.7% in the fourth quarter. TCW Group Inc. now owns 1,427,352 shares of the auto manufacturer’s stock valued at $76,035,000 after acquiring an additional 23,979 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in General Motors during the fourth quarter worth about $283,000. 92.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research note on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price target for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $59.71.

General Motors Stock Up 0.6 %

General Motors stock opened at $46.55 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 52-week low of $38.94 and a 52-week high of $61.24. The firm has a 50 day moving average price of $50.57 and a two-hundred day moving average price of $50.32. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.03%. General Motors’s payout ratio is 7.80%.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

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.