Cerity Partners LLC Boosts Stock Holdings in General Motors Company (NYSE:GM)

Cerity Partners LLC increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 46.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 497,222 shares of the auto manufacturer's stock after purchasing an additional 158,825 shares during the quarter. Cerity Partners LLC owned 0.05% of General Motors worth $23,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GM. 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 valued at $27,000 after acquiring an additional 425 shares during the period. Measured Risk Portfolios Inc. bought a new stake in General Motors during the fourth quarter worth about $27,000. Transce3nd LLC bought a new stake in General Motors during the fourth quarter worth about $34,000. North Capital Inc. bought a new stake in General Motors during the first quarter worth about $40,000. Finally, VSM Wealth Advisory LLC bought a new stake in General Motors during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

GM stock traded up $0.21 during midday trading on Friday, reaching $53.36. 7,695,988 shares of the company's stock traded hands, compared to its average volume of 12,678,712. General Motors Company has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $51.30 billion, a P/E ratio of 7.69, a PEG ratio of 1.44 and a beta of 1.32. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. The stock's 50-day moving average is $49.33 and its 200 day moving average is $48.73.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.62 earnings per share. As a group, analysts anticipate that General Motors Company will post 11.44 EPS 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. The ex-dividend date was Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. General Motors's dividend payout ratio is 8.65%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Monday, April 14th. Citigroup began coverage on shares of General Motors in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. Finally, Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of "Hold" and an average target price of $53.35.

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.