Guggenheim Capital LLC Decreases Stock Position in General Motors (NYSE:GM)

Guggenheim Capital LLC lowered its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,608 shares of the auto manufacturer's stock after selling 67,874 shares during the period. Guggenheim Capital LLC's holdings in General Motors were worth $2,003,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in General Motors in the fourth quarter valued at $25,000. Crews Bank & Trust bought a new stake in shares of General Motors during the 4th quarter valued at about $26,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the fourth quarter valued at about $27,000. Duncker Streett & Co. Inc. raised its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler increased their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays downgraded shares of General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday, April 15th. StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, TD Cowen started coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective on the stock. Five equities research 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 data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $54.83.

General Motors Stock Performance

Shares of GM stock traded up $0.54 during trading hours on Friday, reaching $47.42. The company had a trading volume of 3,327,977 shares, compared to its average volume of 13,324,741. The firm has a market cap of $47.18 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The business has a fifty day moving average price of $46.89 and a 200-day moving average price of $50.30. General Motors has a one year low of $38.96 and a one year high of $61.24.

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

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is currently 7.80%.

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

Insider Activity

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company's stock.

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.