General Motors (NYSE:GM) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP lessened its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 87.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,381 shares of the auto manufacturer's stock after selling 190,743 shares during the quarter. Mirabella Financial Services LLP's holdings in General Motors were worth $1,511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Trust Point Inc. raised its stake in shares of General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after buying an additional 193 shares during the last quarter. Holistic Planning LLC raised its position in General Motors by 3.9% during the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after acquiring an additional 214 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in shares of General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares in the last quarter. Operose Advisors LLC grew its position in shares of General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GM. Cowen began coverage on General Motors in a report on Thursday, March 6th. They set a "buy" rating on the stock. Sanford C. Bernstein lowered General Motors from a "market perform" rating to an "underperform" rating and decreased their price objective for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a research note on Monday, April 14th. Barclays cut shares of General Motors from an "overweight" rating to a "negative" rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group lowered their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $54.83.

General Motors Trading Up 0.5 %

Shares of NYSE GM traded up $0.23 during midday trading on Friday, hitting $47.11. The stock had a trading volume of 8,103,590 shares, compared to its average volume of 13,336,585. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market capitalization of $46.87 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.67 and a beta of 1.27. The company has a fifty day moving average price of $46.87 and a 200 day moving average price of $50.30.

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

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, March 7th. 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.