Larson Financial Group LLC Buys 2,227 Shares of General Motors (NYSE:GM)

Larson Financial Group LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 76.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,138 shares of the auto manufacturer’s stock after buying an additional 2,227 shares during the period. Larson Financial Group LLC’s holdings in General Motors were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in General Motors in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the third quarter worth approximately $27,000. Wellington Shields Capital Management LLC bought a new position in General Motors in the second quarter worth approximately $28,000. Fortitude Family Office LLC grew its stake in General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new position in General Motors in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,030,475 shares of company stock worth $56,509,286. Insiders own 0.72% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $55.50 on Thursday. The firm has a market capitalization of $61.03 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.45 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The business has a fifty day moving average of $51.29 and a 200 day moving average of $47.94. General Motors has a 1 year low of $28.33 and a 1 year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. As a group, research analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. General Motors’s payout ratio is currently 5.12%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GM. Wedbush increased their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein increased their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Wolfe Research initiated coverage on General Motors in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.92.

General Motors Company 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.