Achmea Investment Management B.V. Raises Stock Position in General Motors Company (NYSE:GM)

Achmea Investment Management B.V. increased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,715 shares of the auto manufacturer's stock after acquiring an additional 164,541 shares during the quarter. Achmea Investment Management B.V.'s holdings in General Motors were worth $22,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GM. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors in the 4th quarter worth $25,404,000. Cassia Capital Partners LLC grew its stake in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after acquiring an additional 7,221 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of General Motors during the first quarter valued at about $312,000. Olstein Capital Management L.P. raised its position in shares of General Motors by 18.0% in the 1st quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock valued at $6,772,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Clarius Group LLC boosted its stake in General Motors by 109.7% in the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock worth $861,000 after purchasing an additional 9,579 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Up 2.1%

Shares of GM opened at $49.16 on Friday. The stock has a 50 day moving average price of $47.95 and a 200 day moving average price of $48.75. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The stock has a market capitalization of $47.27 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 1.29 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.62 earnings per share. Equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's payout ratio is currently 8.65%.

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. Royal Bank Of Canada lifted their price objective on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research note on Monday, May 5th. Citigroup started coverage on General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a report on Monday, April 14th. Finally, Mizuho lifted their price objective on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of "Hold" and a consensus target price of $53.35.

About General Motors

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.

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM - Free Report) TSE: GMM.U.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.