SFG Wealth Management LLC. Invests $511,000 in General Motors (NYSE:GM)

SFG Wealth Management LLC. bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,588 shares of the auto manufacturer's stock, valued at approximately $511,000.

A number of other institutional investors have also recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL purchased a new position in General Motors in the 2nd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors in the third quarter worth $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter worth about $27,000. Eastern Bank purchased a new stake in General Motors during the 3rd quarter worth about $34,000. Finally, Fairscale Capital LLC purchased a new position in General Motors during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last quarter. Insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GM shares. The Goldman Sachs Group increased their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a report on Friday, October 11th. HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Three 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $59.68.

General Motors Trading Down 1.8 %

Shares of NYSE GM traded down $0.94 during midday trading on Monday, reaching $50.90. The company had a trading volume of 9,587,120 shares, compared to its average volume of 8,082,761. The firm's fifty day moving average price is $53.60 and its 200-day moving average price is $49.66. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a one year low of $34.32 and a one year high of $61.24. The stock has a market cap of $55.97 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.36 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The business's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

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.