KMG Fiduciary Partners LLC Has $3.29 Million Position in General Motors (NYSE:GM)

KMG Fiduciary Partners LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,917 shares of the auto manufacturer’s stock after buying an additional 4,903 shares during the period. KMG Fiduciary Partners LLC’s holdings in General Motors were worth $3,288,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GM. Golden State Wealth Management LLC bought a new position in shares of General Motors during the 4th quarter valued at $25,000. Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter valued at $27,000. Duncker Streett & Co. Inc. raised its holdings 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 valued at $27,000 after purchasing an additional 498 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new position in shares of General Motors during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a report on Monday, April 14th. TD Cowen initiated coverage on shares of General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. lowered their target price 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. UBS Group lowered their target price on shares of General Motors from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, May 2nd. Finally, Cowen initiated coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of “Hold” and an average target price of $54.56.

General Motors Stock Performance

NYSE GM opened at $47.50 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market capitalization of $45.67 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.67 and a beta of 1.34. The company’s fifty day moving average is $46.80 and its two-hundred day moving average is $49.34. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

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

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors’s dividend payout ratio (DPR) is presently 8.65%.

General Motors declared that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About General Motors

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.