Yousif Capital Management LLC Has $8.96 Million Position in General Motors (NYSE:GM)

Yousif Capital Management LLC lowered its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 249,321 shares of the auto manufacturer’s stock after selling 7,520 shares during the quarter. Yousif Capital Management LLC’s holdings in General Motors were worth $8,956,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in General Motors during the 3rd quarter worth $249,000. Impact Partnership Wealth LLC lifted its position in General Motors by 53.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock valued at $54,000 after purchasing an additional 577 shares during the period. Founders Financial Securities LLC lifted its position in General Motors by 6.6% during the 3rd quarter. Founders Financial Securities LLC now owns 14,472 shares of the auto manufacturer’s stock valued at $477,000 after purchasing an additional 890 shares during the period. Exchange Traded Concepts LLC lifted its holdings in General Motors by 11,739.1% in the third quarter. Exchange Traded Concepts LLC now owns 212,631 shares of the auto manufacturer’s stock valued at $7,010,000 after buying an additional 210,835 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in General Motors in the third quarter valued at approximately $122,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $44.70 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04. The company has a market capitalization of $51.60 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. The firm’s 50 day moving average is $42.00 and its 200-day moving average is $36.12.

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 (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period in the previous year, the business earned $2.21 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that General Motors will post 9.26 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, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.07%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Gerald Johnson sold 15,190 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the sale, the executive vice president now directly owns 98,628 shares in the company, valued at approximately $3,948,078.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GM has been the topic of a number of analyst reports. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Thursday, January 4th. Mizuho increased their target price on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler increased their price target on shares of General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group increased their target price 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. Finally, UBS Group increased their target price on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.38.

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.