General Motors (NYSE:GM) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,422 shares of the auto manufacturer’s stock after selling 796 shares during the quarter. Institute for Wealth Management LLC.’s holdings in General Motors were worth $1,308,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GM. Blair William & Co. IL lifted its holdings in General Motors by 10.6% during the 1st quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock worth $6,890,000 after buying an additional 15,117 shares during the last quarter. Aviva PLC lifted its holdings in General Motors by 32.7% during the 1st quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock worth $12,181,000 after buying an additional 68,683 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in General Motors by 12.8% during the 1st quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock worth $471,000 after buying an additional 1,225 shares during the last quarter. Brighton Jones LLC lifted its holdings in General Motors by 13.9% during the 1st quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock worth $208,000 after buying an additional 581 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in General Motors by 5.3% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock worth $4,540,000 after buying an additional 5,184 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GM shares. Morgan Stanley increased their target price on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Wedbush raised their price target on General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Piper Sandler assumed coverage on General Motors in a report on Friday, March 15th. They issued a “neutral” rating and a $44.00 price target on the stock. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Thursday, January 4th. Finally, Royal Bank of Canada raised their price target on General Motors from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Stock Down 0.2 %

GM opened at $42.38 on Friday. General Motors has a 12 month low of $26.30 and a 12 month high of $46.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. The stock has a market cap of $48.92 billion, a P/E ratio of 5.80, a P/E/G ratio of 0.51 and a beta of 1.51. The stock’s 50 day moving average price is $41.65 and its 200 day moving average price is $35.80.

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

General Motors Increases Dividend

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

Insider Transactions at General Motors

In other news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. Corporate insiders own 0.54% of the company’s stock.

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.