Asset Management One Co. Ltd. Has $24.10 Million Stock Position in General Motors Company (NYSE:GM)

Asset Management One Co. Ltd. increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,462 shares of the auto manufacturer's stock after purchasing an additional 48,614 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of General Motors worth $24,101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Duncker Streett & Co. Inc. increased its position in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares in the last quarter. Whittier Trust Co. increased its position in shares of General Motors by 551.9% in the fourth 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. Measured Risk Portfolios Inc. purchased a new position in shares of General Motors in the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new position in shares of General Motors in the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. increased its position in shares of General Motors by 195.5% in the fourth quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock worth $42,000 after acquiring an additional 524 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 1.1%

GM stock traded up $0.53 during trading hours on Friday, hitting $49.69. The company's stock had a trading volume of 10,695,310 shares, compared to its average volume of 12,766,446. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $47.77 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 1.34 and a beta of 1.34. General Motors Company has a 12 month low of $38.96 and a 12 month high of $61.24. The stock has a 50 day moving average price of $48.05 and a two-hundred day moving average price of $48.68.

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. General Motors's payout ratio is presently 8.65%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GM shares. TD Cowen started coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a research report on Monday, April 14th. Royal Bank Of Canada boosted their price objective on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Wedbush lowered their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.35.

About General Motors

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.