Guggenheim Capital LLC Sells 67,874 Shares of General Motors (NYSE:GM)

Guggenheim Capital LLC lessened its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 64.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,608 shares of the auto manufacturer's stock after selling 67,874 shares during the period. Guggenheim Capital LLC's holdings in General Motors were worth $2,003,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors during the fourth quarter valued at about $26,000. Compass Planning Associates Inc bought a new stake in shares of General Motors during the fourth quarter worth about $27,000. Whittier Trust Co. increased its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. raised its holdings in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

GM has been the topic of a number of research reports. The Goldman Sachs Group reduced their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Mizuho cut their price objective on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, TD Cowen initiated coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective for the company. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, General Motors presently has an average rating of "Hold" and an average target price of $54.83.

Insider Activity

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company's stock.

General Motors Stock Performance

GM traded up $1.02 during trading on Thursday, hitting $46.86. 6,035,479 shares of the company traded hands, compared to its average volume of 13,370,248. General Motors has a one year low of $38.96 and a one year high of $61.24. The stock's fifty day moving average is $46.92 and its 200 day moving average is $50.29. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market cap of $46.63 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27.

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

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.02%. General Motors's payout ratio is presently 7.80%.

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

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.