Johnson Financial Group LLC Invests $455,000 in General Motors (NYSE:GM)

Johnson Financial Group LLC bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,535 shares of the auto manufacturer’s stock, valued at approximately $455,000.

A number of other large investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new position in General Motors during the fourth quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors in the third quarter valued at approximately $27,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. 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. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Hold” and a consensus price target of $59.71.

Insider Buying and Selling at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Up 0.3 %

Shares of NYSE GM opened at $46.73 on Wednesday. The company has a market capitalization of $46.49 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.67 and a beta of 1.40. 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 company has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $50.34. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24.

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 the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

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.