Lindbrook Capital LLC Raises Stock Holdings in General Motors (NYSE:GM)

Lindbrook Capital LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 123.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,512 shares of the auto manufacturer’s stock after purchasing an additional 3,592 shares during the quarter. Lindbrook Capital LLC’s holdings in General Motors were worth $234,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC increased its holdings in General Motors by 361.1% in the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after buying an additional 93,754 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of General Motors by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after acquiring an additional 14,002 shares during the last quarter. Foundry Partners LLC raised its position in shares of General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock valued at $12,992,000 after acquiring an additional 51,336 shares in the last quarter. AM Squared Ltd lifted its stake in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock worth $1,483,000 after purchasing an additional 27,300 shares during the last quarter. Finally, Strs Ohio boosted its holdings in General Motors by 7.7% in the fourth quarter. Strs Ohio now owns 1,532,997 shares of the auto manufacturer’s stock worth $55,065,000 after purchasing an additional 109,760 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other General Motors news, EVP Gerald Johnson sold 15,190 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the completion of the sale, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock valued at $3,614,078 in the last quarter. Insiders own 0.54% of the company’s stock.

General Motors Trading Up 2.1 %

General Motors stock opened at $43.25 on Tuesday. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04. The stock has a market capitalization of $49.93 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The firm has a 50 day simple moving average of $41.73 and a 200-day simple moving average of $35.96. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.08. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The company had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same period last year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. As a group, equities research analysts expect that General Motors will post 9.12 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.11%. General Motors’s dividend payout ratio (DPR) is 6.57%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Piper Sandler initiated coverage on shares of General Motors in a research report on Friday, March 15th. They issued a “neutral” rating and a $44.00 price target on the stock. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, January 4th. Wedbush lifted their target price on General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Mizuho increased their price target on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Morgan Stanley boosted their price objective on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

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.