24,322 Shares in General Motors (NYSE:GM) Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC acquired a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,322 shares of the auto manufacturer's stock, valued at approximately $1,103,000.

A number of other large investors have also added to or reduced their stakes in GM. Handelsbanken Fonder AB lifted its holdings in 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 purchasing an additional 74,194 shares during the last quarter. Cerity Partners LLC increased its stake in General Motors by 361.1% during the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer's stock worth $4,300,000 after acquiring an additional 93,754 shares during the period. Foundry Partners LLC lifted its position in shares of General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer's stock valued at $12,992,000 after acquiring an additional 51,336 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of General Motors by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer's stock worth $4,859,000 after purchasing an additional 14,002 shares in the last quarter. Finally, AM Squared Ltd lifted its position in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer's stock worth $1,483,000 after purchasing an additional 27,300 shares during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent analyst reports. Redburn Atlantic began coverage on shares of General Motors in a research note on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, January 31st. Piper Sandler raised their price objective on shares of General Motors from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Mizuho boosted their target price on General Motors from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Finally, StockNews.com raised shares of General Motors from a "hold" rating to a "buy" rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares of the company's stock, valued at approximately $540,315. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Christopher Hatto sold 3,500 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerald Johnson sold 15,190 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the sale, the executive vice president now owns 98,628 shares of the company's stock, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,422 shares of company stock valued at $3,085,372. 0.72% of the stock is owned by insiders.

General Motors Trading Down 0.4 %

Shares of NYSE GM traded down $0.19 during mid-day trading on Tuesday, hitting $44.92. The stock had a trading volume of 9,910,461 shares, compared to its average volume of 16,323,199. The business has a 50 day moving average price of $44.07 and a two-hundred day moving average price of $38.29. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market cap of $51.25 billion, a P/E ratio of 5.49, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 EPS. On average, equities analysts anticipate that General Motors will post 9.4 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors's payout ratio is 5.87%.

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.

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