General Motors (NYSE:GM) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,397 shares of the auto manufacturer’s stock after acquiring an additional 11,783 shares during the period. SVB Wealth LLC’s holdings in General Motors were worth $2,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in 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 worth $25,000 after purchasing an additional 485 shares during the last quarter. Penserra Capital Management LLC raised its position in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 283 shares during the last quarter. Highlander Capital Management LLC acquired a new stake in shares of General Motors in the 4th quarter worth $27,000. BluePath Capital Management LLC purchased a new stake in shares of General Motors in the third quarter valued at about $33,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of General Motors during the fourth quarter worth about $36,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated 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 directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 over the last 90 days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Tigress Financial lifted their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 15th. Mizuho increased their price objective on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Finally, Morgan Stanley upped their price target on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. One investment 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Price Performance

Shares of NYSE:GM opened at $42.46 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The business’s fifty day moving average price is $41.50 and its two-hundred day moving average price is $35.68. The stock has a market cap of $49.02 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. General Motors has a one year low of $26.30 and a one year high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data 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. The business had revenue of $42.98 billion for the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $2.12 earnings per share. On average, analysts forecast that General Motors will post 9.08 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently declared 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 an increase 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%.

About General Motors

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.