Rehmann Capital Advisory Group Invests $218,000 in General Motors (NYSE:GM)

Rehmann Capital Advisory Group purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,085 shares of the auto manufacturer’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the fourth quarter valued at about $25,000. Crews Bank & Trust acquired a new stake in General Motors in the 4th quarter worth about $26,000. Compass Planning Associates Inc bought a new stake in General Motors in the 4th quarter valued at about $27,000. Duncker Streett & Co. Inc. grew its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 425 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GM shares. The Goldman Sachs Group reduced their price target on General Motors from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Sanford C. Bernstein lowered General Motors from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $35.00 in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft downgraded General Motors from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group dropped their target price on shares of General Motors from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.94.

General Motors Stock Up 0.5 %

Shares of NYSE GM opened at $45.27 on Friday. The company has a 50 day simple moving average of $46.76 and a 200 day simple moving average of $50.23. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The firm has a market cap of $43.74 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same quarter in the previous year, the business earned $2.62 earnings per share. General Motors’s revenue was up 2.3% compared to the same quarter last year. On average, research analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a $0.15 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. General Motors’s dividend payout ratio is presently 7.80%.

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

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.