Certuity LLC Purchases 518 Shares of General Motors (NYSE:GM)

Certuity LLC lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,848 shares of the auto manufacturer’s stock after buying an additional 518 shares during the quarter. Certuity LLC’s holdings in General Motors were worth $312,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust bought a new position in General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new position in General Motors during the third quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in General Motors in the fourth quarter valued at approximately $28,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and boosted their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, UBS Group increased their target price on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Hold” and an average target price of $61.28.

General Motors Price Performance

NYSE:GM opened at $47.71 on Thursday. General Motors has a 52-week low of $37.83 and a 52-week high of $61.24. The company has a market cap of $47.47 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock’s 50-day simple moving average is $51.49 and its 200 day simple moving average is $49.98.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts forecast that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Announces Dividend

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. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

Insider Activity

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