AEGON ASSET MANAGEMENT UK Plc Sells 24,241 Shares of General Motors (NYSE:GM)

AEGON ASSET MANAGEMENT UK Plc cut its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,060 shares of the auto manufacturer's stock after selling 24,241 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in General Motors were worth $20,358,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in General Motors in the 4th quarter valued at $25,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors during the fourth quarter worth $27,000. Duncker Streett & Co. Inc. boosted its position in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares during the period. Whittier Trust Co. grew its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new position in General Motors during the fourth quarter worth about $27,000. Institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on GM. The Goldman Sachs Group decreased their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. UBS Group lowered their price objective on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Mizuho raised their price target on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, General Motors currently has an average rating of "Hold" and an average price target of $54.56.

General Motors Price Performance

GM stock traded down $0.45 during midday trading on Thursday, reaching $47.22. 10,094,231 shares of the stock were exchanged, compared to its average volume of 13,215,747. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a fifty day moving average price of $46.79 and a 200 day moving average price of $49.49. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market capitalization of $45.40 billion, a PE ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.62 earnings per share. As a group, analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is presently 8.65%.

General Motors announced that its board has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

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.