Janney Montgomery Scott LLC Buys 27,178 Shares of General Motors (NYSE:GM)

Janney Montgomery Scott LLC raised its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 7.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,901 shares of the auto manufacturer's stock after purchasing an additional 27,178 shares during the quarter. Janney Montgomery Scott LLC's holdings in General Motors were worth $18,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GM. Vanguard Group Inc. boosted its position in shares of General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock valued at $3,674,861,000 after buying an additional 1,580,681 shares during the last quarter. Putnam Investments LLC grew its stake in shares of General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer's stock worth $726,942,000 after acquiring an additional 2,905,689 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of General Motors by 21.9% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer's stock valued at $650,062,000 after purchasing an additional 3,247,050 shares during the last quarter. Norges Bank bought a new position in shares of General Motors during the fourth quarter valued at about $602,280,000. Finally, Morgan Stanley lifted its position in shares of General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer's stock valued at $501,562,000 after purchasing an additional 201,080 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on GM shares. StockNews.com raised shares of General Motors from a "hold" rating to a "buy" rating in a research report on Saturday, June 1st. UBS Group upped their price objective on General Motors from $58.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday, June 20th. Wedbush raised their target price on General Motors from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Wednesday, April 24th. Citigroup boosted their price target on shares of General Motors from $95.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Finally, Bank of America restated a "buy" rating and set a $75.00 price objective on shares of General Motors in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.91.

Insider Activity

In related news, President Mark L. Reuss sold 150,000 shares of the company's stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $43.44, for a total value of $6,516,000.00. Following the transaction, the president now directly owns 176,907 shares in the company, valued at $7,684,840.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Mark L. Reuss sold 150,000 shares of the company's stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.44, for a total value of $6,516,000.00. Following the completion of the transaction, the president now directly owns 176,907 shares in the company, valued at $7,684,840.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 626,316 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the transaction, the chief executive officer now directly owns 1,198,648 shares in the company, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,152,621 shares of company stock worth $51,818,111. 0.72% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of GM traded down $0.19 during midday trading on Friday, hitting $46.52. 11,452,689 shares of the company traded hands, compared to its average volume of 13,804,477. The stock has a 50-day moving average of $45.77 and a 200-day moving average of $41.84. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. General Motors has a one year low of $26.30 and a one year high of $49.35. The firm has a market cap of $53.08 billion, a P/E ratio of 5.69, a PEG ratio of 0.49 and a beta of 1.43.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 EPS. As a group, sell-side analysts predict that General Motors will post 9.43 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors's dividend payout ratio is currently 5.87%.

General Motors declared that its Board of Directors has approved a share repurchase plan on Tuesday, June 11th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 10.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.