Banco Santander S.A. Acquires 13,769 Shares of General Motors Company (NYSE:GM)

Banco Santander S.A. boosted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 245.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,389 shares of the auto manufacturer's stock after purchasing an additional 13,769 shares during the period. Banco Santander S.A.'s holdings in General Motors were worth $912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after purchasing an additional 31,755 shares in the last quarter. World Investment Advisors increased its holdings in shares of General Motors by 42.8% during the fourth quarter. World Investment Advisors now owns 7,560 shares of the auto manufacturer's stock worth $403,000 after buying an additional 2,266 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of General Motors during the fourth quarter worth approximately $19,304,000. KCM Investment Advisors LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $221,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of General Motors by 4.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,170,933 shares of the auto manufacturer's stock worth $115,646,000 after acquiring an additional 96,337 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the subject of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research report on Friday, July 11th. UBS Group lifted their price target on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a report on Monday, April 14th. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler reiterated a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, General Motors has an average rating of "Hold" and a consensus price target of $56.35.

General Motors Stock Down 1.5%

Shares of General Motors stock opened at $52.52 on Monday. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company has a market capitalization of $50.00 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. The business has a 50-day moving average of $50.55 and a two-hundred day moving average of $48.77.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the previous year, the firm posted $3.06 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

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.

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