ASR Vermogensbeheer N.V. Buys Shares of 122,424 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 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 122,424 shares of the auto manufacturer's stock, valued at approximately $5,757,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Operose Advisors LLC grew its position in shares of General Motors by 18.7% in the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after purchasing an additional 223 shares during the period. Bessemer Group Inc. grew its position in shares of General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares during the period. Hohimer Wealth Management LLC grew its position in shares of General Motors by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock valued at $3,310,000 after purchasing an additional 230 shares during the period. HHM Wealth Advisors LLC grew its position in shares of General Motors by 14.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock valued at $86,000 after purchasing an additional 232 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in shares of General Motors by 3.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock valued at $316,000 after purchasing an additional 235 shares during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. UBS Group upped their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Mizuho increased their price objective on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Benchmark began coverage on General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors has an average rating of "Hold" and a consensus price target of $57.53.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

General Motors Stock Performance

GM stock traded up $0.27 during trading hours on Monday, hitting $53.80. 1,947,912 shares of the stock were exchanged, compared to its average volume of 12,011,327. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $51.23 billion, a P/E ratio of 8.54, a P/E/G ratio of 1.13 and a beta of 1.36. The company has a 50-day simple moving average of $50.95 and a two-hundred day simple moving average of $48.78. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24.

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

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's dividend payout ratio (DPR) 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.