Transcend Capital Advisors LLC Has $3.28 Million Holdings in General Motors (NYSE:GM)

Transcend Capital Advisors LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 61,553 shares of the auto manufacturer’s stock after selling 3,548 shares during the quarter. Transcend Capital Advisors LLC’s holdings in General Motors were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter valued at $25,000. Crews Bank & Trust acquired a new position in shares of General Motors in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in shares of General Motors in the 3rd quarter valued at $27,000. Finally, Compass Planning Associates Inc acquired a new position in shares of General Motors in the 4th quarter valued at $27,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GM shares. Sanford C. Bernstein increased their price objective on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Mizuho increased their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, General Motors currently has an average rating of “Hold” and a consensus target price of $59.71.

General Motors Stock Up 0.1 %

Shares of NYSE:GM opened at $47.84 on Friday. The firm has a market cap of $47.60 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The company’s 50-day moving average price is $50.81 and its two-hundred day moving average price is $50.11.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Activity

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price 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 in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.