Silver Oak Securities Incorporated Acquires Shares of 3,260 General Motors (NYSE:GM)

Silver Oak Securities Incorporated bought a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,260 shares of the auto manufacturer’s stock, valued at approximately $175,000.

A number of other large investors also recently made changes to their positions in GM. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC bought a new stake in shares of General Motors in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Motors during the 4th quarter worth $31,000. Finally, Eastern Bank bought a new position in General Motors during the third quarter worth about $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $47.35 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company’s fifty day simple moving average is $51.80 and its 200 day simple moving average is $49.92. General Motors has a 1-year low of $37.83 and a 1-year high of $61.24. The company has a market cap of $47.12 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, research analysts forecast that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. General Motors’s dividend payout ratio is currently 7.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GM shares. Royal Bank of Canada raised their price target on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Sanford C. Bernstein raised their price objective on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Wedbush upped their target price on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.28.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.