Cooper Financial Group Increases Position in General Motors (NYSE:GM)

Cooper Financial Group raised its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,967 shares of the auto manufacturer’s stock after buying an additional 1,615 shares during the period. Cooper Financial Group’s holdings in General Motors were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of GM. Wedmont Private Capital boosted its holdings in General Motors by 12.2% during the 4th quarter. Wedmont Private Capital now owns 9,968 shares of the auto manufacturer’s stock valued at $497,000 after acquiring an additional 1,082 shares during the period. Czech National Bank lifted its position in shares of General Motors by 4.1% during the fourth quarter. Czech National Bank now owns 238,415 shares of the auto manufacturer’s stock worth $12,700,000 after purchasing an additional 9,461 shares in the last quarter. Hilltop National Bank boosted its stake in shares of General Motors by 6.9% in the fourth quarter. Hilltop National Bank now owns 3,876 shares of the auto manufacturer’s stock valued at $206,000 after purchasing an additional 249 shares during the period. Range Financial Group LLC acquired a new position in shares of General Motors in the fourth quarter valued at approximately $1,669,000. Finally, Fortem Financial Group LLC increased its stake in General Motors by 2.4% during the 4th quarter. Fortem Financial Group LLC now owns 27,322 shares of the auto manufacturer’s stock worth $1,455,000 after buying an additional 630 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE:GM opened at $49.88 on Tuesday. General Motors has a one year low of $34.32 and a one year high of $61.24. The stock has a market capitalization of $54.85 billion, a price-to-earnings ratio of 5.32, a PEG ratio of 0.40 and a beta of 1.42. The company has a 50-day simple moving average of $53.89 and a 200-day simple moving average of $49.53. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 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 firm had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the prior year, the business earned $2.28 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.96%. General Motors’s dividend payout ratio is currently 5.12%.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the sale, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % 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. 0.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GM has been the subject of several research reports. Sanford C. Bernstein boosted their price target 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. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley raised 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 research report on Tuesday, December 10th. Finally, Wells Fargo & Company cut their target price on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, December 16th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.58.

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.