DCF Advisers LLC Makes New Investment in General Motors Company (NYSE:GM)

Key Points

• DCF Advisers LLC invested approximately $1.18 million in General Motors by acquiring 25,000 shares in the 1st quarter, as noted in their recent SEC filing.
• General Motors reported $2.53 earnings per share for the most recent quarter, slightly surpassing analysts' expectations, with revenues reaching $47.12 billion.
• The company also declared a quarterly dividend of $0.15 per share, with a payout ratio of 9.52% and a yield of 1.1% expected for the fiscal year.

DCF Advisers LLC bought a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,000 shares of the auto manufacturer's stock, valued at approximately $1,176,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of General Motors by 305.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after acquiring an additional 2,154,037 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of General Motors in the 1st quarter valued at about $86,900,000. AustralianSuper Pty Ltd raised its holdings in shares of General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after acquiring an additional 1,712,033 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of General Motors in the 4th quarter valued at about $60,198,000. Finally, Victory Capital Management Inc. raised its holdings in shares of General Motors by 51.0% in the 1st quarter. Victory Capital Management Inc. now owns 3,148,956 shares of the auto manufacturer's stock valued at $148,095,000 after acquiring an additional 1,063,606 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of General Motors stock opened at $52.52 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The stock 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 1.35. The business's 50 day simple moving average is $50.55 and its two-hundred day simple moving average is $48.79.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. Analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. 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 payout ratio is 9.52%.

Analyst Ratings Changes

Several research firms have weighed in on GM. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Barclays raised their price target on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a report on Monday, April 14th. Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of "Hold" and a consensus target price of $56.35.

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.

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM - Free Report) TSE: GMM.U.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.