Blueshift Asset Management LLC Has $2.15 Million Stock Holdings in General Motors Company (NYSE:GM)

Key Points

• Blueshift Asset Management LLC increased its stake in General Motors by 83% during Q1, now holding 45,700 shares valued at approximately $2.15 million.
• General Motors reported a quarterly EPS of $2.53, beating analysts' expectations of $2.52, and its revenue for the quarter was $47.12 billion, surpassing forecasts of $45.87 billion.
• The company recently declared a quarterly dividend of $0.15 per share, effective September 18th, representing an annualized yield of 1.1% with a low payout ratio of 9.52%.

Blueshift Asset Management LLC lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 83.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,700 shares of the auto manufacturer's stock after purchasing an additional 20,730 shares during the quarter. General Motors accounts for 0.9% of Blueshift Asset Management LLC's holdings, making the stock its 14th biggest holding. Blueshift Asset Management LLC's holdings in General Motors were worth $2,149,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GM. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors in the 4th quarter valued at $25,404,000. Cassia Capital Partners LLC lifted its position in shares of General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after buying an additional 7,221 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in General Motors in the first quarter valued at about $312,000. Finally, Brown Advisory Inc. grew its position in General Motors by 55.9% in the first quarter. Brown Advisory Inc. now owns 17,651 shares of the auto manufacturer's stock valued at $830,000 after acquiring an additional 6,330 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Trading Up 2.3%

NYSE:GM opened at $53.31 on Friday. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm's fifty day moving average is $50.47 and its 200-day moving average is $48.80. The firm has a market cap of $50.75 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.10 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS 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 business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GM shares. Bank of America dropped their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Barclays increased their price objective on shares of General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Citigroup increased their price target on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned 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 an average price target of $56.35.

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.

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