Strategic Financial Concepts LLC Invests $783,000 in General Motors (NYSE:GM)

Strategic Financial Concepts LLC bought a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,698 shares of the auto manufacturer's stock, valued at approximately $783,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of General Motors by 19.7% during the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after buying an additional 1,510 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of General Motors by 15.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock worth $510,000 after buying an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in General Motors by 12.1% in the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock valued at $73,070,000 after purchasing an additional 175,860 shares in the last quarter. Foster & Motley Inc. raised its stake in General Motors by 121.5% in the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock valued at $2,115,000 after purchasing an additional 25,869 shares in the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in General Motors by 115.1% in the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock valued at $8,001,000 after purchasing an additional 95,484 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 0.2 %

Shares of NYSE:GM traded up $0.10 during midday trading on Thursday, hitting $47.79. 3,518,804 shares of the stock were exchanged, compared to its average volume of 11,112,366. The business's 50-day moving average price is $51.37 and its 200 day moving average price is $49.96. General Motors has a 12 month low of $38.05 and a 12 month high of $61.24. The stock has a market capitalization of $47.55 billion, a price-to-earnings ratio of 7.77, a P/E/G ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 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%. Analysts predict that General Motors will post 11.28 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors's payout ratio is presently 7.80%.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction dated Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares of the company's stock, valued at $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 can be accessed through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on General Motors from $35.00 to $37.00 and gave the company an "underweight" rating in a research note on Wednesday, January 29th. Mizuho boosted their price target on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Wedbush boosted their price target on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised General Motors from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.28.

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.