Sivia Capital Partners LLC Makes New $540,000 Investment in General Motors (NYSE:GM)

Sivia Capital Partners LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,490 shares of the auto manufacturer’s stock, valued at approximately $540,000.

Several other large investors have also recently added to or reduced their stakes in GM. Brighton Jones LLC increased its position in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after buying an additional 31,755 shares during the period. Stratos Wealth Partners LTD. increased its position in General Motors by 28.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 57,275 shares of the auto manufacturer’s stock worth $3,051,000 after buying an additional 12,612 shares during the period. Bleakley Financial Group LLC increased its position in General Motors by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 18,434 shares of the auto manufacturer’s stock worth $982,000 after buying an additional 408 shares during the period. Silver Oak Securities Incorporated bought a new position in General Motors during the 4th quarter worth $175,000. Finally, Strategic Financial Concepts LLC bought a new position in General Motors during the 4th quarter worth $783,000. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.5%

Shares of General Motors stock opened at $47.50 on Friday. The stock has a fifty day simple moving average of $46.80 and a 200 day simple moving average of $49.34. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a market capitalization of $45.67 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter in the prior year, the company posted $2.62 earnings per share. General Motors’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.26%. This is a boost from General Motors’s previous quarterly dividend of $0.12. General Motors’s payout ratio is currently 8.65%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GM shares. Wedbush lowered their price objective on General Motors from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Barclays raised their price target on General Motors from $40.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada raised their price target on General Motors from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, TD Cowen started coverage on General Motors in a research report on Friday, March 7th. They issued a “buy” rating and a $105.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.56.

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.