Stifel Financial Corp Purchases 35,404 Shares of General Motors (NYSE:GM)

Stifel Financial Corp increased its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 624,290 shares of the auto manufacturer's stock after purchasing an additional 35,404 shares during the period. Stifel Financial Corp owned 0.06% of General Motors worth $33,256,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. boosted 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 valued at $27,000 after buying an additional 498 shares during the period. Finally, Whittier Trust Co. grew its position in General Motors by 551.9% during 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 institutional investors.

General Motors Trading Up 0.1 %

NYSE GM traded up $0.07 during trading hours on Monday, hitting $47.18. 9,036,765 shares of the company's stock were exchanged, compared to its average volume of 13,348,523. The firm has a market cap of $46.94 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.67 and a beta of 1.27. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a 50-day simple moving average of $46.87 and a 200 day simple moving average of $50.34. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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%. On average, equities analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business's stock in a transaction on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the stock from $50.00 to $35.00 in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of 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. Mizuho lowered their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Citigroup began coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target for the company. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $54.83.

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.