General Motors (NYSE:GM) Shares Up 1.1%

General Motors (NYSE:GM) (TSE:GMM.U) shares rose 1.1% during trading on Thursday . The stock traded as high as $45.56 and last traded at $45.53. Approximately 2,193,076 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 16,743,596 shares. The stock had previously closed at $45.05.

Analyst Upgrades and Downgrades

GM has been the subject of several recent analyst reports. Mizuho lifted their price target on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Wells Fargo & Company lifted their price objective on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their price objective on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average target price of $54.65.

General Motors Stock Up 0.7 %

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 capitalization of $51.75 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.53 and a beta of 1.49. The stock has a fifty day moving average price of $43.14 and a two-hundred day moving average price of $37.16.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during 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%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.21 EPS. Research analysts forecast that General Motors will post 9.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Insiders Place Their Bets

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were 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 owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,248 shares of company stock worth $3,614,078. 0.72% of the stock is owned by company insiders.

Institutional Trading of General Motors

Several institutional investors have recently modified their holdings of GM. Norges Bank acquired a new position in shares of General Motors in the 4th quarter valued at $602,280,000. Acadian Asset Management LLC boosted its position in shares of General Motors by 454.3% in the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock valued at $171,961,000 after purchasing an additional 4,275,293 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in General Motors by 21.9% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after acquiring an additional 3,247,050 shares in the last quarter. Putnam Investments LLC lifted its stake in General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after acquiring an additional 2,905,689 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in General Motors by 32.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after acquiring an additional 2,049,412 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Company 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.