5,230 Shares in General Motors (NYSE:GM) Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,230 shares of the auto manufacturer’s stock, valued at approximately $243,000.

A number of other large investors have also recently bought and sold shares of the company. Capital World Investors raised its position in shares of General Motors by 14.6% in the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock valued at $2,211,609,000 after buying an additional 6,201,777 shares in the last quarter. Putnam Investments LLC raised its position in General Motors by 16.8% during the fourth quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock valued at $726,942,000 after purchasing an additional 2,905,689 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in General Motors by 21.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after purchasing an additional 3,247,050 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors in the 4th quarter valued at $602,280,000. Finally, Franklin Resources Inc. boosted its holdings in shares of General Motors by 12.0% in the 4th quarter. Franklin Resources Inc. now owns 13,731,249 shares of the auto manufacturer’s stock valued at $493,226,000 after purchasing an additional 1,472,297 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 3.3 %

GM opened at $46.13 on Friday. General Motors has a twelve month low of $26.30 and a twelve month high of $50.50. The company has a fifty day moving average of $46.19 and a 200-day moving average of $44.93. The stock has a market cap of $51.85 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. The firm had revenue of $47.97 billion during the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.91 EPS. On average, sell-side analysts predict that General Motors will post 9.95 EPS for the current year.

General Motors announced that its board has approved a stock repurchase program on Tuesday, June 11th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 10.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, September 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.04%. The ex-dividend date is Friday, September 6th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 12,795 shares of General Motors stock in a transaction on Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $417,307.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Motors news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $417,307.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul A. Jacobson acquired 25,000 shares of General Motors stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $44.11 per share, with a total value of $1,102,750.00. Following the purchase, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GM. Wells Fargo & Company dropped their price objective on General Motors from $34.00 to $33.00 and set an “underweight” rating for the company in a research report on Tuesday. Bank of America reissued a “buy” rating and issued a $75.00 target price on shares of General Motors in a report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley cut shares of General Motors from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $47.00 in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.27.

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.