Curated Wealth Partners LLC Boosts Stock Position in General Motors (NYSE:GM)

Curated Wealth Partners LLC grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,596 shares of the auto manufacturer’s stock after buying an additional 1,252 shares during the period. Curated Wealth Partners LLC’s holdings in General Motors were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors in the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in General Motors in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new stake in General Motors during the 4th quarter worth $31,000. Finally, Eastern Bank purchased a new position in General Motors during the 3rd quarter worth $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock worth $28,977,691 in the last three months. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on GM shares. UBS Group upped their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lifted their target price on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $61.17.

General Motors Stock Performance

Shares of GM stock opened at $53.95 on Friday. General Motors has a one year low of $34.71 and a one year high of $61.24. The company has a 50 day moving average price of $53.23 and a 200 day moving average price of $49.80. The firm has a market capitalization of $59.32 billion, a price-to-earnings ratio of 5.75, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 10.34 EPS for the current year.

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.