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

AEGON ASSET MANAGEMENT UK Plc reduced its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Compass Planning Associates Inc bought a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. Duncker Streett & Co. Inc. raised its holdings in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Up 0.5%

General Motors stock traded up $0.25 during trading hours on Friday, hitting $47.50. The company had a trading volume of 7,948,964 shares, compared to its average volume of 13,160,855. The firm has a market capitalization of $45.67 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. 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 firm's fifty day moving average is $46.80 and its 200-day moving average is $49.38. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. 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 business earned $2.62 EPS. On average, research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.26%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's payout ratio is currently 8.65%.

General Motors announced that its board has approved a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Mizuho boosted their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. TD Cowen began coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Wedbush cut their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of "Hold" and a consensus target price of $54.56.

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.