General Motors (NYSE:GM) Shares Bought by Hilltop National Bank

by · The Cerbat Gem

Hilltop National Bank grew its holdings in shares of General Motors (NYSE:GM – Free Report) (TSE:GMM.U) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,876 shares of the auto manufacturer’s stock after purchasing an additional 249 shares during the period. Hilltop National Bank’s holdings in General Motors were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the 3rd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors in the 3rd quarter worth approximately $27,000. Eastern Bank acquired a new stake in General Motors during the 3rd quarter valued at $34,000. Finally, Fairscale Capital LLC acquired a new stake in General Motors during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Down 2.3 %

Shares of GM opened at $49.85 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $54.81 billion, a P/E ratio of 5.31, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. The stock’s fifty day simple moving average is $53.93 and its 200 day simple moving average is $49.45. General Motors has a twelve month low of $34.32 and a twelve month high of $61.24.

General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period last year, the company posted $2.28 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.12 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.96%. General Motors’s dividend payout ratio is currently 5.12%.

Wall Street Analyst Weigh In

GM has been the topic of a number of analyst reports. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. UBS Group increased their target price on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Wedbush increased their target price on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Motors has an average rating of “Hold” and an average price target of $59.58.

Get Our Latest Analysis on GM

Insider Activity at General Motors

In related news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,030,475 shares of company stock worth $56,509,286. Corporate insiders own 0.72% of the company’s stock.

General Motors Company Profile

(Free Report)

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.

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