Insigneo Advisory Services LLC Reduces Stake in General Motors (NYSE:GM)

Insigneo Advisory Services LLC reduced its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 59.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,342 shares of the auto manufacturer's stock after selling 7,782 shares during the quarter. Insigneo Advisory Services LLC's holdings in General Motors were worth $285,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Virtu Financial LLC raised its stake in General Motors by 770.3% in the third quarter. Virtu Financial LLC now owns 99,054 shares of the auto manufacturer's stock worth $4,442,000 after buying an additional 87,672 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its position in shares of General Motors by 6.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 100,708 shares of the auto manufacturer's stock worth $4,490,000 after acquiring an additional 6,200 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of General Motors in the 3rd quarter valued at approximately $237,000. Wilmington Savings Fund Society FSB bought a new stake in shares of General Motors during the third quarter valued at approximately $1,907,000. Finally, Tidal Investments LLC grew its stake in General Motors by 44.7% in the third quarter. Tidal Investments LLC now owns 65,389 shares of the auto manufacturer's stock worth $2,932,000 after purchasing an additional 20,206 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on GM shares. The Goldman Sachs Group dropped 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. UBS Group restated a "neutral" rating and issued a $51.00 price objective (down previously from $64.00) on shares of General Motors in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Barclays lowered General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Citigroup began coverage on General Motors in a report on Wednesday. They issued a "buy" rating and a $62.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $54.83.

General Motors Stock Performance

NYSE:GM traded up $0.94 during mid-day trading on Thursday, hitting $46.78. 2,904,913 shares of the company traded hands, compared to its average volume of 13,352,667. The stock's fifty day moving average price is $46.92 and its 200-day moving average price 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. General Motors has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $46.54 billion, a price-to-earnings ratio of 7.61, 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 (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors's dividend payout ratio is presently 7.80%.

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.