General Motors (NYSE:GM) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,115 shares of the auto manufacturer’s stock after purchasing an additional 4,033 shares during the period. Captrust Financial Advisors’ holdings in General Motors were worth $5,599,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GM. Cary Street Partners Financial LLC purchased a new stake in shares of General Motors during the 4th quarter worth about $176,000. Castlekeep Investment Advisors LLC purchased a new stake in General Motors during the fourth quarter worth approximately $988,000. Beaconlight Capital LLC increased its position in shares of General Motors by 15.4% in the fourth quarter. Beaconlight Capital LLC now owns 197,526 shares of the auto manufacturer’s stock worth $10,522,000 after acquiring an additional 26,381 shares in the last quarter. Algert Global LLC raised its stake in shares of General Motors by 5.3% in the 4th quarter. Algert Global LLC now owns 97,094 shares of the auto manufacturer’s stock valued at $5,172,000 after acquiring an additional 4,900 shares during the period. Finally, Alpha Family Trust acquired a new position in shares of General Motors during the 4th quarter valued at $235,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on General Motors from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Barclays lifted their target price on General Motors from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. TD Cowen started coverage on General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Citigroup started coverage on General Motors in a report on Wednesday, April 23rd. They set a “buy” rating and a $62.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.28.

General Motors Stock Performance

GM stock opened at $47.51 on Friday. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The stock has a market capitalization of $45.68 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.36. 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 fifty day moving average is $46.63 and its two-hundred day moving average is $50.10.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. During the same period last year, the firm posted $2.62 EPS. General Motors’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. This is a positive change from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors’s dividend payout ratio is 8.65%.

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.