General Motors (NYSE:GM) Shares Sold by Csenge Advisory Group

Csenge Advisory Group lowered its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,954 shares of the auto manufacturer’s stock after selling 717 shares during the period. Csenge Advisory Group’s holdings in General Motors were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new position in General Motors during the fourth quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in General Motors during the fourth quarter worth $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of General Motors in the fourth quarter valued at $31,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the third quarter valued at $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

General Motors stock opened at $48.14 on Wednesday. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. General Motors has a 12 month low of $38.13 and a 12 month high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock’s 50-day moving average is $51.07 and its 200-day moving average is $50.09.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts anticipate that General Motors will post 11.28 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s payout ratio is 7.80%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. UBS Group upped their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays boosted their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $59.71.

Insider Buying and Selling

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

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.