Deutsche Bank AG Has $206.04 Million Position in 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 increased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 0.46% of General Motors worth $206,036,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after acquiring an additional 228,408 shares in the last quarter. Northern Trust Corp increased its holdings in shares of General Motors by 8.1% in the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after acquiring an additional 822,454 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of General Motors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer's stock worth $444,297,000 after acquiring an additional 1,020,386 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its holdings in shares of General Motors by 4.0% during the first quarter. ACR Alpine Capital Research LLC now owns 7,691,140 shares of the auto manufacturer's stock worth $361,714,000 after buying an additional 293,736 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GM. Citigroup increased their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. UBS Group increased their price objective on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Benchmark began coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price objective for the company. Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Finally, Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors currently has a consensus rating of "Hold" and an average price target of $57.53.

General Motors Stock Performance

Shares of GM traded up $1.51 during mid-day trading on Wednesday, reaching $55.67. The company's stock had a trading volume of 3,611,869 shares, compared to its average volume of 11,953,280. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The stock has a market cap of $53.01 billion, a P/E ratio of 8.84, a PEG ratio of 1.14 and a beta of 1.36. The business has a 50-day simple moving average of $51.18 and a two-hundred day simple moving average of $48.82. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

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

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 23,977 shares of General Motors 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 completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

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.