General Motors (NYSE:GM) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. trimmed its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,271 shares of the auto manufacturer's stock after selling 13,270 shares during the period. Johnson Financial Group Inc.'s holdings in General Motors were worth $3,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter worth about $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the fourth quarter worth about $27,000. Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. lifted 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 worth $27,000 after buying an additional 425 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Up 0.1 %

Shares of NYSE GM traded up $0.07 during mid-day trading on Monday, hitting $47.18. The company had a trading volume of 15,243,758 shares, compared to its average volume of 13,349,049. The company has a market capitalization of $46.94 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The business's 50-day simple moving average is $46.86 and its 200 day simple moving average is $50.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, analysts predict that General Motors will post 11.44 earnings per share for the current year.

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

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were bought 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 in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GM has been the topic of several research reports. Cowen initiated coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a "buy" rating on the stock. UBS Group reissued a "neutral" rating and issued a $51.00 price target (down from $64.00) on shares of General Motors in a research note on Thursday, April 10th. Citigroup started coverage on shares of General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price on the stock. Piper Sandler lifted their target price on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, TD Cowen started coverage on shares of General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 target price on the stock. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $54.83.

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.