General Motors (NYSE:GM) Stock Holdings Decreased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 42.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,096 shares of the auto manufacturer’s stock after selling 1,566 shares during the period. Parkside Financial Bank & Trust’s holdings in General Motors were worth $75,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Roble Belko & Company Inc bought a new stake in shares of General Motors in the 4th quarter worth about $140,000. RWA Wealth Partners LLC grew its position in shares of General Motors by 5.0% during the 4th quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer’s stock valued at $242,000 after buying an additional 319 shares during the last quarter. Greenwich Wealth Management LLC grew its position in shares of General Motors by 55.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 76,314 shares of the auto manufacturer’s stock valued at $2,741,000 after buying an additional 27,171 shares during the last quarter. Klingenstein Fields & Co. LP bought a new stake in shares of General Motors during the 4th quarter valued at about $207,000. Finally, Cetera Trust Company N.A bought a new stake in shares of General Motors during the 4th quarter valued at about $1,284,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 1.2 %

GM stock opened at $45.62 on Friday. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The company’s 50 day simple moving average is $42.13 and its 200-day simple moving average is $36.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. The firm has a market capitalization of $52.05 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 earnings per share. As a group, equities research analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.05%. General Motors’s dividend payout ratio is presently 5.87%.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GM has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Thursday, January 4th. Barclays upped their target price on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Piper Sandler upped their target price on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Sanford C. Bernstein started coverage on shares of General Motors in a research report on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.38.

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.