General Motors Company (NYSE:GM) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank reduced its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 196,712 shares of the auto manufacturer's stock after selling 16,356 shares during the quarter. Amalgamated Bank's holdings in General Motors were worth $9,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GM. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Motors in the fourth quarter valued at $25,404,000. Cassia Capital Partners LLC increased its stake in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares during the period. Sowell Financial Services LLC bought a new stake in shares of General Motors during the first quarter worth $312,000. Olstein Capital Management L.P. grew its holdings in shares of General Motors by 18.0% in the first quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock worth $6,772,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Clarius Group LLC lifted its holdings in General Motors by 109.7% during the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after buying an additional 9,579 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GM shares. Barclays lifted their price target on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. UBS Group dropped their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Cowen began coverage on shares of General Motors in a research note on Thursday, March 6th. They set a "buy" rating on the stock. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.35.

General Motors Trading Up 1.1%

NYSE:GM traded up $0.57 on Wednesday, hitting $52.60. 9,458,592 shares of the stock were exchanged, compared to its average volume of 12,758,104. The stock has a fifty day moving average of $48.29 and a 200-day moving average of $48.68. The stock has a market cap of $50.57 billion, a PE ratio of 7.58, a PEG ratio of 1.40 and a beta of 1.32. General Motors Company has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46.

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, beating 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 business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.62 EPS. As a group, equities analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio is 8.65%.

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.