Brown Advisory Inc. Boosts Holdings in General Motors (GM)

Brown Advisory Inc. boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 156,030 shares of the auto manufacturer’s stock after buying an additional 17,852 shares during the period. Brown Advisory Inc.’s holdings in General Motors were worth $5,219,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GM. Signet Investment Advisory Group Inc. bought a new position in shares of General Motors during the fourth quarter valued at about $26,000. Cornerstone Advisors Inc. lifted its position in shares of General Motors by 63.0% during the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. NuWave Investment Management LLC lifted its position in shares of General Motors by 198.6% during the fourth quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 588 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of General Motors during the fourth quarter valued at about $31,000. Finally, Vigilant Capital Management LLC bought a new position in shares of General Motors during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

In other news, insider Alan S. Batey sold 70,266 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $38.39, for a total value of $2,697,511.74. Following the sale, the insider now owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Hatto sold 8,499 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $40.00, for a total transaction of $339,960.00. Following the completion of the sale, the vice president now directly owns 10,040 shares in the company, valued at approximately $401,600. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Shares of GM stock opened at $38.07 on Friday. The stock has a market capitalization of $53.66 billion, a price-to-earnings ratio of 5.82, a P/E/G ratio of 0.70 and a beta of 1.28. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.80 and a current ratio of 0.92. General Motors has a 52 week low of $30.56 and a 52 week high of $45.00.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. The business had revenue of $38.40 billion for the quarter, compared to analyst estimates of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Research analysts predict that General Motors will post 6.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, March 7th. General Motors’s dividend payout ratio is 23.24%.

A number of research firms recently weighed in on GM. BMO Capital Markets raised their price target on shares of General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 14th. Barclays reissued a “buy” rating and set a $49.00 price target on shares of General Motors in a research report on Monday, January 14th. Deutsche Bank began coverage on shares of General Motors in a research report on Thursday, December 13th. They set a “buy” rating on the stock. Buckingham Research set a $34.00 price target on shares of General Motors and gave the company a “hold” rating in a research report on Friday, January 11th. Finally, Seaport Global Securities began coverage on shares of General Motors in a research report on Wednesday, February 13th. They set a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. General Motors has an average rating of “Buy” and an average target price of $46.97.

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General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Further Reading: QQQ ETF

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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