Compass Planning Associates Inc Invests $27,000 in General Motors (NYSE:GM)

Compass Planning Associates Inc purchased a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 502 shares of the auto manufacturer’s stock, valued at approximately $27,000.

Several other institutional investors have also recently bought and sold shares of GM. Golden State Wealth Management LLC bought a new position in General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in General Motors in the fourth quarter worth about $26,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors during the 3rd quarter valued at about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of General Motors during the 4th quarter worth approximately $28,000. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was 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.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GM. Wells Fargo & Company increased their price objective on shares of General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.71.

General Motors Stock Up 0.1 %

Shares of GM stock opened at $47.84 on Friday. The firm’s fifty day moving average price is $50.81 and its two-hundred day moving average price is $50.11. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $47.60 billion, a P/E ratio of 7.78, a PEG ratio of 0.67 and a beta of 1.40.

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

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. General Motors’s payout ratio is 7.80%.

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.