Allegiance Financial Group Advisory Services LLC Invests $361,000 in General Motors Company (NYSE:GM)

Allegiance Financial Group Advisory Services LLC bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,677 shares of the auto manufacturer's stock, valued at approximately $361,000.

A number of other large investors have also bought and sold shares of the business. Measured Risk Portfolios Inc. bought a new position in shares of General Motors during the 4th quarter worth approximately $27,000. Whittier Trust Co. grew its stake in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares in the last quarter. Transce3nd LLC bought a new position in shares of General Motors during the 4th quarter worth approximately $34,000. Ossiam bought a new position in shares of General Motors during the 4th quarter worth approximately $44,000. Finally, VSM Wealth Advisory LLC bought a new position in shares of General Motors during the 4th quarter worth approximately $44,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Performance

General Motors stock traded up $0.02 during mid-day trading on Friday, hitting $53.23. 6,492,936 shares of the company's stock traded hands, compared to its average volume of 12,602,182. The firm has a 50 day simple moving average of $50.02 and a two-hundred day simple moving average of $48.74. General Motors Company has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The stock has a market cap of $51.18 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.43 and a beta of 1.32. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04.

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

General Motors Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is currently 8.65%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GM shares. CLSA raised shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a report on Friday, July 11th. Sanford C. Bernstein set a $36.00 price objective on General Motors in a report on Monday, May 5th. Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $55.17.

General Motors 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.