Quattro Financial Advisors LLC Boosts Holdings in General Motors (NYSE:GM)

Quattro Financial Advisors LLC lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 49,900.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the auto manufacturer’s stock after buying an additional 17,964 shares during the quarter. Quattro Financial Advisors LLC’s holdings in General Motors were worth $816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MV Capital Management Inc. grew its holdings in shares of General Motors by 35.3% during the first quarter. MV Capital Management Inc. now owns 1,101 shares of the auto manufacturer’s stock worth $50,000 after buying an additional 287 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of General Motors by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,536,428 shares of the auto manufacturer’s stock worth $69,677,000 after acquiring an additional 129,128 shares during the last quarter. Claro Advisors LLC boosted its position in shares of General Motors by 17.3% in the first quarter. Claro Advisors LLC now owns 7,184 shares of the auto manufacturer’s stock worth $326,000 after acquiring an additional 1,057 shares during the last quarter. HFG Advisors Inc. acquired a new stake in shares of General Motors in the first quarter worth approximately $341,000. Finally, Dumont & Blake Investment Advisors LLC lifted its position in General Motors by 1.5% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 21,723 shares of the auto manufacturer’s stock valued at $985,000 after buying an additional 311 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Royal Bank of Canada lifted their price target on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. Barclays lifted their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. Finally, Mizuho lifted their price target on shares of General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.91.

Insider Activity

In other news, President Mark L. Reuss sold 150,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.44, for a total value of $6,516,000.00. Following the transaction, the president now owns 176,907 shares in the company, valued at approximately $7,684,840.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Mark L. Reuss sold 150,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.44, for a total value of $6,516,000.00. Following the transaction, the president now owns 176,907 shares in the company, valued at $7,684,840.08. 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 company’s 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 sale, the chief executive officer now directly owns 1,198,648 shares of the company’s stock, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. Insiders have sold 1,152,621 shares of company stock worth $51,818,111 in the last 90 days. Company insiders own 0.72% of the company’s stock.

General Motors Trading Up 0.6 %

NYSE GM traded up $0.26 on Tuesday, hitting $46.94. 11,337,787 shares of the company were exchanged, compared to its average volume of 16,105,285. The company’s 50 day moving average price is $45.67 and its 200-day moving average price is $41.53. 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 $53.56 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 0.49 and a beta of 1.43. General Motors has a twelve month low of $26.30 and a twelve month high of $49.35.

General Motors (NYSE:GM) (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 9.43 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were issued a $0.12 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. 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

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.