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

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

A number of other large investors have also made changes to their positions in GM. Allworth Financial LP raised its stake in shares of General Motors by 17.8% in the 4th quarter. Allworth Financial LP now owns 10,823 shares of the auto manufacturer's stock valued at $571,000 after buying an additional 1,639 shares in the last quarter. Principal Securities Inc. grew its holdings in General Motors by 15.3% during the 4th quarter. Principal Securities Inc. now owns 32,693 shares of the auto manufacturer's stock worth $1,742,000 after acquiring an additional 4,334 shares during the last quarter. Palumbo Wealth Management LLC bought a new stake in General Motors during the 4th quarter worth about $297,000. WASHINGTON TRUST Co boosted its stake in shares of General Motors by 65.0% in the 4th quarter. WASHINGTON TRUST Co now owns 1,015 shares of the auto manufacturer's stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of General Motors by 0.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 114,310 shares of the auto manufacturer's stock valued at $6,089,000 after purchasing an additional 755 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Down 3.7 %

NYSE GM traded down $1.78 during trading hours on Friday, reaching $46.11. The company's stock had a trading volume of 3,538,724 shares, compared to its average volume of 10,446,556. The stock has a market cap of $45.88 billion, a P/E ratio of 7.49, a P/E/G ratio of 0.67 and a beta of 1.40. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a fifty day simple moving average of $50.81 and a 200-day simple moving average of $50.11.

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 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%. Equities analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio (DPR) is 7.80%.

Insider Transactions at General Motors

In related 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 acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GM shares. UBS Group lifted their price objective on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and upped their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, HSBC downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $59.71.

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.