Cerity Partners LLC Lowers Stock Position in General Motors (NYSE:GM)

Cerity Partners LLC lowered its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,397 shares of the auto manufacturer's stock after selling 90,898 shares during the quarter. Cerity Partners LLC's holdings in General Motors were worth $18,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Orion Portfolio Solutions LLC boosted its position in shares of General Motors by 6.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 63,342 shares of the auto manufacturer's stock worth $2,840,000 after purchasing an additional 3,964 shares in the last quarter. MML Investors Services LLC boosted its holdings in General Motors by 3.0% in the third quarter. MML Investors Services LLC now owns 139,000 shares of the auto manufacturer's stock worth $6,233,000 after acquiring an additional 4,023 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of General Motors by 17.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 437,352 shares of the auto manufacturer's stock worth $19,611,000 after acquiring an additional 65,971 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of General Motors by 7.9% during the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after acquiring an additional 213 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of General Motors by 1.4% in the 3rd quarter. M&T Bank Corp now owns 63,141 shares of the auto manufacturer's stock worth $2,831,000 after purchasing an additional 852 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

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General Motors Price Performance

NYSE:GM traded up $1.66 during trading hours on Monday, reaching $45.29. The stock had a trading volume of 15,603,283 shares, compared to its average volume of 13,561,291. The company has a 50 day moving average price of $47.36 and a two-hundred day moving average price of $50.39. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. 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 has a market capitalization of $45.06 billion, a PE ratio of 7.36, a PEG ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost 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 $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

GM has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. TD Cowen assumed coverage on General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price target for the company. UBS Group reissued a "neutral" rating and issued a $51.00 target price (down previously from $64.00) on shares of General Motors in a research report on Thursday. Piper Sandler boosted their price objective on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a research note on Monday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $58.39.

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.