Arnhold LLC Makes New Investment in General Motors (NYSE:GM)

Arnhold LLC acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 330,407 shares of the auto manufacturer’s stock, valued at approximately $11,868,000. General Motors accounts for approximately 1.3% of Arnhold LLC’s holdings, making the stock its 29th biggest holding.

A number of other large investors also recently bought and sold shares of the business. SouthState Corp grew its holdings in General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the last quarter. Highlander Capital Management LLC acquired a new position in General Motors during the 4th quarter valued at about $27,000. BluePath Capital Management LLC acquired a new stake in General Motors in the third quarter worth about $33,000. Bfsg LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of General Motors during the fourth quarter valued at about $36,000. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Down 3.3 %

NYSE:GM traded down $1.51 on Tuesday, reaching $44.53. 15,797,439 shares of the company’s stock were exchanged, compared to its average volume of 17,357,061. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $50.81 billion, a price-to-earnings ratio of 5.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.51. The business has a fifty day moving average of $42.53 and a 200-day moving average of $36.57. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the prior year, the business earned $2.21 EPS. General Motors’s revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that General Motors will post 9.45 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insiders Place Their Bets

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GM has been the topic of several research analyst reports. Mizuho boosted their price target on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. UBS Group upped their price target on shares of General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.65.

General Motors 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.