General Motors (GM) Stake Lessened by Beacon Financial Group

Beacon Financial Group lowered its position in General Motors (NYSE:GM) (TSE:GMM.U) by 64.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,492 shares of the auto manufacturer’s stock after selling 11,792 shares during the period. Beacon Financial Group’s holdings in General Motors were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC lifted its position in shares of General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after acquiring an additional 860 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of General Motors during the 3rd quarter valued at $119,000. Ffcm LLC lifted its position in shares of General Motors by 2,008.1% during the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 3,213 shares during the period. Ropes Wealth Advisors LLC lifted its position in shares of General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after acquiring an additional 3,248 shares during the period. Finally, Fayez Sarofim & Co. acquired a new position in shares of General Motors during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 73.01% of the company’s stock.

A number of research firms recently issued reports on GM. UBS Group reiterated a “buy” rating and set a $50.00 target price (up previously from $39.00) on shares of General Motors in a research report on Wednesday, October 11th. Vetr lowered shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research note on Monday, December 4th. Craig Hallum set a $45.00 price target on shares of General Motors and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada upgraded shares of General Motors from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $51.00 to $52.00 in a research note on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $51.00 price target on shares of General Motors and gave the company a “buy” rating in a research note on Tuesday, October 24th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.63.

In related news, EVP Stefan Jacoby sold 37,961 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the completion of the transaction, the executive vice president now owns 98,340 shares in the company, valued at $4,215,835.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Thomas S. Timko sold 44,791 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now directly owns 66,838 shares in the company, valued at $2,971,617.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 532,298 shares of company stock valued at $23,565,437. 0.04% of the stock is owned by company insiders.

General Motors (NYSE GM) opened at $42.82 on Thursday. The firm has a market cap of $59,373.06, a PE ratio of 21.96, a P/E/G ratio of 0.78 and a beta of 1.55. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 earnings per share. equities analysts forecast that General Motors will post 6.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.55%. General Motors’s payout ratio is currently 77.95%.

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General Motors Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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

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