Greenwich Wealth Management LLC Buys 27,171 Shares of General Motors (NYSE:GM)

Greenwich Wealth Management LLC increased its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 55.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,314 shares of the auto manufacturer's stock after buying an additional 27,171 shares during the quarter. Greenwich Wealth Management LLC's holdings in General Motors were worth $2,741,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Klingenstein Fields & Co. LP bought a new position in shares of General Motors during the 4th quarter worth approximately $207,000. Cetera Trust Company N.A bought a new position in shares of General Motors during the 4th quarter worth approximately $1,284,000. Handelsbanken Fonder AB lifted its position in shares of General Motors by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer's stock worth $17,064,000 after buying an additional 74,194 shares during the period. Criterion Capital Advisors LLC bought a new position in shares of General Motors during the 4th quarter worth approximately $51,000. Finally, Lindbrook Capital LLC raised its position in General Motors by 123.0% in the 4th quarter. Lindbrook Capital LLC now owns 6,512 shares of the auto manufacturer's stock valued at $234,000 after purchasing an additional 3,592 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research upgraded General Motors from a "peer perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a research report on Thursday, January 4th. Piper Sandler assumed coverage on General Motors in a research report on Friday, March 15th. They issued a "neutral" rating and a $44.00 price objective for the company. Royal Bank of Canada lifted their price objective on General Motors from $52.00 to $54.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. TheStreet upgraded General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. Finally, Redburn Atlantic assumed coverage on General Motors in a research report on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Motors currently has an average rating of "Moderate Buy" and an average target price of $51.57.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the transaction, the executive vice president now directly owns 71,506 shares of the company's stock, valued at $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Christopher Hatto sold 3,500 shares of the business's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,248 shares of company stock valued at $3,614,078. Company insiders own 0.54% of the company's stock.

General Motors Trading Down 0.2 %

Shares of General Motors stock traded down $0.07 during trading on Friday, reaching $42.37. 15,514,953 shares of the company were exchanged, compared to its average volume of 12,723,066. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. General Motors has a twelve month low of $26.30 and a twelve month high of $46.04. The business has a 50-day moving average price of $41.65 and a 200-day moving average price of $35.87. The firm has a market capitalization of $48.91 billion, a price-to-earnings ratio of 5.80, a P/E/G ratio of 0.50 and a beta of 1.51.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.08. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business had revenue of $42.98 billion during the quarter, compared to analysts' expectations of $38.81 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts anticipate that General Motors will post 9.12 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. This is a boost from General Motors's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, February 29th. General Motors's payout ratio is presently 6.57%.

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.

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