ASR Vermogensbeheer N.V. Purchases New Shares in General Motors Company (NYSE:GM)

Key Points

• ASR Vermogensbeheer N.V. acquired **122,424 shares** of General Motors Company (NYSE:GM) during the first quarter, valued at approximately **$5.76 million**.
• General Motors recently announced a **quarterly dividend** of **$0.15 per share**, with a payout ratio of **9.52%** and an annualized yield of **1.1%**.
• Several analysts have adjusted their price targets for General Motors, with **JPMorgan** raising it to **$60.00** and **Barclays** to **$55.00**, reflecting a generally favorable outlook despite mixed ratings among analysts.

ASR Vermogensbeheer N.V. acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 122,424 shares of the auto manufacturer's stock, valued at approximately $5,757,000.

A number of other hedge funds also recently bought and sold shares of GM. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Costello Asset Management INC bought a new stake in General Motors during the 1st quarter valued at $32,000. Transce3nd LLC purchased a new stake in General Motors during the 4th quarter valued at $34,000. North Capital Inc. bought a new stake in General Motors in the 1st quarter worth $40,000. Finally, Ossiam purchased a new position in shares of General Motors in the fourth quarter valued at about $44,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GM. Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Barclays upped their price objective on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $57.53.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by insiders.

General Motors Stock Up 1.1%

NYSE GM traded up $0.57 during mid-day trading on Friday, reaching $53.52. The stock had a trading volume of 4,125,133 shares, compared to its average volume of 10,305,823. The company has a fifty day moving average price of $50.95 and a 200 day moving average price of $48.84. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The stock has a market cap of $50.96 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the previous year, the company earned $3.06 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio is presently 9.52%.

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.