First Financial Bank Trust Division Decreases Stake in General Motors (NYSE:GM)

First Financial Bank Trust Division lessened its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 19.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,976 shares of the auto manufacturer's stock after selling 21,643 shares during the quarter. First Financial Bank Trust Division's holdings in General Motors were worth $4,326,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in shares of General Motors in the fourth quarter valued at $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth about $26,000. Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter worth approximately $27,000. Duncker Streett & Co. Inc. boosted its holdings in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the period. Finally, Whittier Trust Co. raised its stake in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. TD Cowen initiated coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price for the company. Piper Sandler reissued a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft cut shares of 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. Finally, Cowen initiated coverage on shares of General Motors in a research report on Thursday, March 6th. They set a "buy" rating for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Motors currently has a consensus rating of "Hold" and a consensus target price of $54.56.

General Motors Trading Down 4.7%

General Motors stock traded down $2.35 during mid-day trading on Monday, hitting $47.26. The stock had a trading volume of 5,852,531 shares, compared to its average volume of 13,212,048. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The stock has a market capitalization of $45.44 billion, a PE ratio of 7.69, a P/E/G ratio of 0.67 and a beta of 1.36. The stock has a 50-day simple moving average of $46.80 and a two-hundred day simple moving average of $49.57.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.62 EPS. As a group, sell-side analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.27%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is currently 8.65%.

General Motors announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

General Motors Company 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.