Private Trust Co. NA Sells 996 Shares of General Motors (NYSE:GM)

Private Trust Co. NA lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,362 shares of the auto manufacturer’s stock after selling 996 shares during the quarter. Private Trust Co. NA’s holdings in General Motors were worth $286,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. US Bancorp DE grew its stake in General Motors by 12.3% in the 3rd quarter. US Bancorp DE now owns 101,299 shares of the auto manufacturer’s stock worth $4,542,000 after buying an additional 11,068 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in shares of General Motors by 3.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 14,150 shares of the auto manufacturer’s stock worth $635,000 after acquiring an additional 478 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of General Motors by 20.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,021 shares of the auto manufacturer’s stock worth $270,000 after acquiring an additional 1,019 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in General Motors by 15.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock worth $510,000 after acquiring an additional 1,559 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in General Motors by 6.0% in the third quarter. Van ECK Associates Corp now owns 35,384 shares of the auto manufacturer’s stock valued at $1,587,000 after acquiring an additional 2,015 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

GM opened at $47.37 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. The stock has a market capitalization of $47.13 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The stock’s 50 day moving average price is $50.24 and its 200-day moving average price is $50.47. General Motors has a 52-week low of $38.94 and a 52-week high of $61.24.

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

General Motors declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.01%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GM shares. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.71.

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.