General Motors Company (NYSE:GM) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. boosted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 55.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,651 shares of the auto manufacturer's stock after acquiring an additional 6,330 shares during the quarter. Brown Advisory Inc.'s holdings in General Motors were worth $830,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ninety One UK Ltd lifted its stake in shares of General Motors by 3.4% during the 1st quarter. Ninety One UK Ltd now owns 4,229,248 shares of the auto manufacturer's stock worth $198,902,000 after purchasing an additional 139,615 shares during the last quarter. Interchange Capital Partners LLC raised its stake in General Motors by 11.9% in the first quarter. Interchange Capital Partners LLC now owns 7,758 shares of the auto manufacturer's stock valued at $365,000 after buying an additional 826 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in General Motors by 6.5% in the first quarter. Crossmark Global Holdings Inc. now owns 147,823 shares of the auto manufacturer's stock valued at $6,952,000 after buying an additional 8,986 shares during the last quarter. Washington Trust Bank acquired a new position in shares of General Motors in the first quarter valued at about $214,000. Finally, Fullcircle Wealth LLC increased its holdings in shares of General Motors by 7.7% in the first quarter. Fullcircle Wealth LLC now owns 16,074 shares of the auto manufacturer's stock valued at $759,000 after purchasing an additional 1,156 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of GM stock traded up $0.50 during trading hours on Wednesday, reaching $53.21. 3,485,006 shares of the company's stock were exchanged, compared to its average volume of 12,607,948. The company has a market cap of $51.16 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The company's 50 day moving average is $49.63 and its two-hundred day moving average is $48.71. 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 1.46, a current ratio of 1.21 and a quick ratio of 1.04.

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

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. General Motors's dividend payout ratio (DPR) is 8.65%.

Analyst Ratings Changes

Several research firms recently commented on GM. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a report on Monday, April 14th. Citigroup assumed coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price on the stock. Wedbush dropped their price objective on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Royal Bank Of Canada raised their price objective on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, General Motors has an average rating of "Hold" and a consensus price target of $55.17.

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.