Deutsche Bank AG Acquires 96,490 Shares of General Motors Company (NYSE:GM)

Key Points

• Deutsche Bank AG increased its stake in General Motors by 2.3%, now owning 4,380,940 shares valued at approximately $206 million, according to its latest SEC filing.
• General Motors declared a quarterly dividend of $0.15 per share, which will be paid on September 18th, reflecting a 1.1% dividend yield.
• The company reported earnings per share (EPS) of $2.53 for the last quarter, slightly beating the expected $2.52, despite a revenue decrease of 1.8% compared to the previous year.

Deutsche Bank AG grew its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,380,940 shares of the auto manufacturer's stock after acquiring an additional 96,490 shares during the quarter. Deutsche Bank AG owned 0.46% of General Motors worth $206,036,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new stake in shares of General Motors in the fourth quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in General Motors in the 1st quarter valued at approximately $32,000. Transce3nd LLC bought a new stake in General Motors in the 4th quarter valued at approximately $34,000. North Capital Inc. bought a new stake in General Motors in the 1st quarter valued at approximately $40,000. Finally, Ossiam acquired a new position in General Motors during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

GM traded up $0.57 during trading hours on Friday, reaching $53.52. The company's stock had a trading volume of 4,125,133 shares, compared to its average volume of 10,127,242. The company's 50-day moving average is $50.95 and its 200-day moving average is $48.78. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The firm has a market cap of $50.96 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

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

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is currently 9.52%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Citigroup boosted their price target on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Mizuho increased their price objective on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, General Motors has an average rating of "Hold" and an average price target of $57.53.

Insider Activity

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

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.