Squar Milner Financial Services LLC Invests $211,000 in General Motors (GM) Stock

Squar Milner Financial Services LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,897 shares of the auto manufacturer’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new stake in General Motors in the third quarter valued at $119,000. Cerebellum GP LLC bought a new stake in General Motors in the fourth quarter valued at $123,000. Independence Bank of Kentucky bought a new stake in General Motors in the fourth quarter valued at $129,000. Stumpf Capital Management LLC bought a new stake in General Motors in the fourth quarter valued at $131,000. Finally, Hoertkorn Richard Charles bought a new stake in General Motors in the fourth quarter valued at $135,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.

GM has been the topic of a number of recent research reports. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research note on Monday, November 13th. Zacks Investment Research cut General Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Cascend Securities cut General Motors to a “buy” rating in a research note on Tuesday, December 5th. Barclays reiterated a “buy” rating and issued a $61.00 target price on shares of General Motors in a research note on Tuesday, January 9th. Finally, Goldman Sachs Group cut General Motors from a “neutral” rating to a “sell” rating and cut their target price for the company from $43.16 to $32.00 in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.44.

In related news, CFO Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $40.88, for a total value of $1,430,800.00. Following the transaction, the chief financial officer now owns 26,052 shares of the company’s stock, valued at approximately $1,065,005.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares in the company, valued at approximately $2,569,095. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,847 shares of company stock worth $8,793,908. 0.04% of the stock is owned by corporate insiders.

General Motors (NYSE:GM) opened at $41.09 on Friday. The stock has a market capitalization of $58,700.06, a PE ratio of -14.22, a P/E/G ratio of 0.80 and a beta of 1.59. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.31. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. General Motors’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share. analysts anticipate that General Motors will post 6.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s payout ratio is currently -52.59%.

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General Motors Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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

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