Atria Wealth Solutions Inc. Raises Stake in General Motors (NYSE:GM)

Atria Wealth Solutions Inc. raised its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,938 shares of the auto manufacturer's stock after buying an additional 14,098 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in General Motors were worth $3,566,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GM. Golden State Wealth Management LLC bought a new position in General Motors during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors during the fourth quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter worth about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors in the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on General Motors from $35.00 to $37.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and lifted their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Sanford C. Bernstein lifted their target price on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Finally, Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $59.71.

General Motors Stock Performance

Shares of NYSE:GM traded down $1.59 during midday trading on Friday, reaching $46.31. The company's stock had a trading volume of 6,773,091 shares, compared to its average volume of 10,552,047. The stock has a fifty day moving average of $50.81 and a 200 day moving average of $50.11. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The firm has a market capitalization of $46.07 billion, a PE ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 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, equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the firm's 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 sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

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.