Clarius Group LLC Grows Stock Position in General Motors Company (NYSE:GM)

Clarius Group LLC raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 109.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,311 shares of the auto manufacturer's stock after acquiring an additional 9,579 shares during the period. Clarius Group LLC's holdings in General Motors were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Compass Planning Associates Inc purchased a new stake in General Motors in the fourth quarter worth $27,000. Duncker Streett & Co. Inc. lifted its stake in 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 during the period. Whittier Trust Co. lifted its stake in 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 during the period. Measured Risk Portfolios Inc. purchased a new stake in General Motors in the fourth quarter worth $27,000. Finally, Transce3nd LLC purchased a new stake in General Motors in the fourth quarter worth $34,000. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group lowered their price objective on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays lifted their price objective on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Royal Bank Of Canada boosted their price target on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $53.35.

General Motors Price Performance

NYSE GM traded up $0.01 during trading hours on Friday, reaching $48.10. The company's stock had a trading volume of 22,248,468 shares, compared to its average volume of 12,990,667. The firm's 50-day moving average price is $47.53 and its 200-day moving average price is $48.92. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a market capitalization of $46.24 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.29 and a beta of 1.34.

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 (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.62 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. 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. General Motors's dividend payout ratio is 8.65%.

General Motors announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.