LMG Wealth Partners LLC Invests $200,000 in General Motors (NYSE:GM)

LMG Wealth Partners LLC purchased a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,757 shares of the auto manufacturer’s stock, valued at approximately $200,000.

Several other large investors also recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the fourth quarter worth $26,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors in the third quarter valued at $27,000. Truvestments Capital LLC acquired a new stake in General Motors during the 3rd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in General Motors during the 4th quarter worth $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. UBS Group raised their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report 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 note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $59.71.

General Motors Trading Down 0.8 %

Shares of NYSE GM opened at $47.77 on Thursday. The company has a market cap of $47.53 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. The stock’s 50 day simple moving average is $50.90 and its 200 day simple moving average is $50.13. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12-month low of $38.13 and a 12-month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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 research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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 paid a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s payout ratio is currently 7.80%.

General Motors 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.