Key Financial Inc Increases Holdings in General Motors (NYSE:GM)

Key Financial Inc raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 97.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,295 shares of the auto manufacturer’s stock after buying an additional 638 shares during the quarter. Key Financial Inc’s holdings in General Motors were worth $69,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of General Motors in the 4th quarter worth $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Motors in the 4th quarter worth $31,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of General Motors in the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $48.14 on Wednesday. The company has a market capitalization of $47.89 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The business’s fifty day moving average is $50.98 and its 200 day moving average is $50.14. General Motors has a fifty-two week low of $38.13 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating 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%. Sell-side analysts predict that General Motors will post 11.28 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.12 dividend. The ex-dividend date of this dividend 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

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Sanford C. Bernstein lifted their price objective on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.71.

Insider Activity

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 shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

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.