6,321 Shares in General Motors Company $GM Acquired by QTR Family Wealth LLC

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

A number of other institutional investors have also recently made changes to their positions in the stock. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors during the 2nd quarter worth $25,000. GFG Capital LLC bought a new position in General Motors in the second quarter valued at $27,000. Steigerwald Gordon & Koch Inc. purchased a new stake in General Motors during the third quarter valued at about $29,000. RMG Wealth Management LLC purchased a new stake in General Motors during the second quarter valued at about $32,000. Finally, Armstrong Advisory Group Inc. lifted its stake in General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

More General Motors News

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

Insider Activity

In other news, CAO Christopher Hatto sold 15,697 shares of the 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 completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $840,490. This represents a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 284,021 shares of company stock valued at $18,971,788. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GM. Wedbush increased their price objective on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Tigress Financial upped their target price on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Piper Sandler set a $98.00 price target on shares of General Motors and gave the company an “overweight” rating in a research report on Thursday, January 8th. HSBC boosted their price objective on shares of General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Finally, Mizuho set a $100.00 target price on shares of General Motors in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.

Get Our Latest Report on GM

General Motors Stock Down 0.1%

Shares of General Motors stock opened at $80.79 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a 52-week low of $41.60 and a 52-week high of $85.18. The company’s 50 day moving average price is $77.89 and its 200-day moving average price is $65.18. The stock has a market capitalization of $75.37 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 0.64 and a beta of 1.31.

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

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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