Atria Investments Inc Has $12 Million Stake in General Motors (NYSE:GM)

Atria Investments Inc increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 225,252 shares of the auto manufacturer’s stock after buying an additional 4,814 shares during the quarter. Atria Investments Inc’s holdings in General Motors were worth $11,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Farther Finance Advisors LLC increased its stake in shares of General Motors by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 6,021 shares of the auto manufacturer’s stock valued at $270,000 after buying an additional 1,019 shares during the period. Van ECK Associates Corp increased its stake in shares of General Motors by 6.0% in the third quarter. Van ECK Associates Corp now owns 35,384 shares of the auto manufacturer’s stock valued at $1,587,000 after buying an additional 2,015 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the third quarter valued at approximately $27,000. Catalina Capital Group LLC increased its stake in shares of General Motors by 20.8% in the third quarter. Catalina Capital Group LLC now owns 7,202 shares of the auto manufacturer’s stock valued at $323,000 after buying an additional 1,239 shares during the period. Finally, Foster & Motley Inc. increased its stake in shares of General Motors by 121.5% in the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock valued at $2,115,000 after buying an additional 25,869 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley raised shares of 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 research report on Tuesday, December 10th. UBS Group reissued a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, General Motors has an average rating of “Hold” and a consensus target price of $59.71.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of GM opened at $48.48 on Thursday. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24. The business’s fifty day moving average is $49.98 and its 200 day moving average is $50.45. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market cap of $48.24 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.67 and a beta of 1.42.

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, topping analysts’ consensus estimates 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 anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

General Motors announced that its board has approved a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.