Twin Capital Management Inc. Sells 1,143 Shares of General Motors (NYSE:GM)

Twin Capital Management Inc. lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 63,577 shares of the auto manufacturer’s stock after selling 1,143 shares during the period. Twin Capital Management Inc.’s holdings in General Motors were worth $2,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp raised its stake in shares of General Motors by 173.8% during the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Penserra Capital Management LLC increased its holdings in General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 283 shares during the period. Highlander Capital Management LLC purchased a new position in General Motors during the fourth quarter valued at approximately $27,000. BluePath Capital Management LLC purchased a new position in General Motors during the third quarter valued at approximately $33,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in General Motors during the fourth quarter valued at approximately $36,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GM shares. Tigress Financial lifted their price objective on shares of General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wedbush lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Mizuho lifted their price objective on shares of General Motors from $44.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Barclays lifted their price objective on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $51.57.

Insider Activity

In related news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock valued at $3,614,078 over the last ninety days. 0.54% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of GM opened at $42.45 on Friday. The firm has a market capitalization of $49.01 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04. The company’s fifty day moving average price is $41.57 and its 200-day moving average price is $35.73.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The firm had revenue of $42.98 billion for the quarter, compared to analyst estimates of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.12 earnings per share. On average, equities research analysts predict that General Motors will post 9.12 EPS for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. General Motors’s payout ratio is 6.57%.

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.