QTR Family Wealth LLC Purchases New Shares in General Motors Company $GM

QTR Family Wealth LLC acquired a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,321 shares of the auto manufacturer’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds have also bought and sold shares of GM. Hemington Wealth Management lifted its stake in shares of General Motors by 14.5% in the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 154 shares during the period. Resonant Capital Advisors LLC boosted its stake in General Motors by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after acquiring an additional 171 shares in the last quarter. Sowell Financial Services LLC grew its holdings in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares during the period. Mayflower Financial Advisors LLC increased its stake in shares of General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after purchasing an additional 205 shares in the last quarter. Finally, Certuity LLC lifted its holdings in shares of General Motors by 3.6% during the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock valued at $297,000 after purchasing an additional 209 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

More General Motors News

Here are the key news stories impacting General Motors this week:

Analysts Set New Price Targets

Several analysts recently weighed in on the company. HSBC upped their price target on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Evercore ISI boosted their target price on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Argus set a $78.00 price target on General Motors in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $98.00 price target on shares of General Motors in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.41.

Read Our Latest Report on GM

General Motors Stock Down 0.1%

General Motors stock opened at $80.79 on Tuesday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $85.18. The stock has a fifty day simple moving average of $77.89 and a two-hundred day simple moving average of $65.18. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The firm has a market cap of $75.37 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.64 and a beta of 1.31.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period last year, the firm posted $2.96 earnings per share. General Motors’s revenue was down .3% compared to the same quarter last year. Equities analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

Insider Activity

In other news, CAO Christopher Hatto sold 15,697 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $840,490. This trade represents a 56.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 284,021 shares of company stock worth $18,971,788 in the last 90 days. Company insiders own 0.54% of the company’s stock.

General Motors Company Profile

(Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

See Also

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

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