Fortem Financial Group LLC Grows Position in General Motors (NYSE:GM)

Fortem Financial Group LLC lifted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,322 shares of the auto manufacturer’s stock after buying an additional 630 shares during the quarter. Fortem Financial Group LLC’s holdings in General Motors were worth $1,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in shares of General Motors by 2.3% in the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after acquiring an additional 205 shares during the last quarter. Avestar Capital LLC raised its position in shares of General Motors by 2.3% in the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after buying an additional 213 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of General Motors by 7.9% in the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 213 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of General Motors by 0.6% in the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock valued at $1,625,000 after purchasing an additional 230 shares during the period. Finally, Centaurus Financial Inc. increased its stake in General Motors by 2.1% during the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock worth $540,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 3.1 %

NYSE:GM traded up $1.59 during mid-day trading on Monday, reaching $53.36. The stock had a trading volume of 6,865,870 shares, compared to its average volume of 8,569,432. 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 company has a market capitalization of $58.67 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. General Motors has a 1-year low of $34.32 and a 1-year high of $61.24. The stock’s 50 day simple moving average is $53.94 and its two-hundred day simple moving average is $49.35.

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

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 price target on shares of General Motors in a research note on Tuesday, September 10th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. Royal Bank of Canada raised their price target on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein increased their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Friday, October 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.58.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,030,475 shares of company stock valued at $56,509,286. Insiders own 0.72% of the company’s stock.

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.