General Motors (NYSE:GM) Shares Sold by Leibman Financial Services Inc.

Leibman Financial Services Inc. trimmed its holdings in shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) by 34.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,862 shares of the auto manufacturer’s stock after selling 26,671 shares during the period. General Motors comprises 1.7% of Leibman Financial Services Inc.’s investment portfolio, making the stock its 27th largest position. Leibman Financial Services Inc.’s holdings in General Motors were worth $2,261,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GM. Norges Bank acquired a new position in shares of General Motors during the fourth quarter worth $602,280,000. Acadian Asset Management LLC lifted its position in shares of General Motors by 454.3% during the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after purchasing an additional 4,275,293 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake 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 worth $650,062,000 after buying an additional 3,247,050 shares during the last quarter. Putnam Investments LLC increased its stake in shares of General Motors by 16.8% in the fourth quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after buying an additional 2,905,689 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of General Motors by 32.6% in the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after buying an additional 2,049,412 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on GM shares. Sanford C. Bernstein started coverage on shares of General Motors in a research note on Thursday, April 25th. They issued an “outperform” rating and a $55.00 price target for the company. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Wells Fargo & Company boosted their target price on shares of General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. Finally, Citigroup boosted their target price on shares of General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.65.

Read Our Latest Report on General Motors

Insider Activity

In other news, EVP Rory Harvey sold 5,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $544,800.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Rory Harvey sold 5,100 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $544,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 626,316 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was 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 owns 1,198,648 shares in the company, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. Insiders have sold 1,188,343 shares of company stock worth $53,422,657 in the last 90 days. Company insiders own 0.72% of the company’s stock.

General Motors Trading Up 0.1 %

NYSE GM traded up $0.04 on Wednesday, hitting $47.44. 9,691,071 shares of the company were exchanged, compared to its average volume of 13,877,206. The company’s 50 day moving average price is $44.96 and its 200-day moving average price is $40.69. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market capitalization of $54.13 billion, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 0.55 and a beta of 1.46. General Motors has a twelve month low of $26.30 and a twelve month high of $49.35.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data 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 firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 EPS. Analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. General Motors’s dividend payout ratio is 5.87%.

General Motors declared that its Board of Directors has approved a stock repurchase program on Tuesday, June 11th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to purchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

General Motors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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