Lindbrook Capital LLC Buys 3,592 Shares of General Motors (NYSE:GM)

Lindbrook Capital LLC raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 123.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,512 shares of the auto manufacturer’s stock after acquiring an additional 3,592 shares during the period. Lindbrook Capital LLC’s holdings in General Motors were worth $234,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GM. Pacifica Partners Inc. grew its holdings in shares of General Motors by 10.1% in the 4th quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 301 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of General Motors by 6.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer’s stock valued at $233,000 after acquiring an additional 404 shares during the last quarter. CX Institutional boosted its holdings in shares of General Motors by 4.2% in the 3rd quarter. CX Institutional now owns 10,675 shares of the auto manufacturer’s stock worth $352,000 after acquiring an additional 431 shares in the last quarter. Graypoint LLC grew its position in General Motors by 2.8% during the 4th quarter. Graypoint LLC now owns 16,397 shares of the auto manufacturer’s stock worth $589,000 after acquiring an additional 447 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its holdings in General Motors by 12.5% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,119 shares of the auto manufacturer’s stock valued at $148,000 after purchasing an additional 458 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Gerald Johnson sold 15,190 shares of the company’s stock in a transaction that occurred on 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 owns 98,628 shares of the company’s stock, valued at approximately $3,948,078.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock worth $3,614,078 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

General Motors Trading Up 2.1 %

Shares of GM 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 company 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 moving average price of $41.73 and a two-hundred day moving average price of $35.96. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $38.81 billion. During the same quarter last year, the company earned $2.12 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. As a group, analysts predict that General Motors will post 9.12 earnings per share for the current year.

General Motors Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on GM. TheStreet raised General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Mizuho upped their price target on shares of General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Tigress Financial raised their price objective on shares of General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 15th. Morgan Stanley upped their target price on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Barclays raised their price target on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.57.

About General Motors

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.