General Motors Company (NYSE:GM) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,368,540 shares of the auto manufacturer's stock after purchasing an additional 102,621 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of General Motors worth $64,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of General Motors during the fourth quarter valued at approximately $25,404,000. Cassia Capital Partners LLC lifted its holdings in General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after purchasing an additional 7,221 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in General Motors during the 1st quarter worth $312,000. Olstein Capital Management L.P. grew its holdings in shares of General Motors by 18.0% during the first quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock worth $6,772,000 after buying an additional 22,000 shares in the last quarter. Finally, Clarius Group LLC raised its position in shares of General Motors by 109.7% in the first quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after buying an additional 9,579 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on GM. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective 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. TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Citigroup assumed coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective on the stock. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $53.35.

General Motors Stock Performance

Shares of General Motors stock opened at $49.16 on Friday. The firm's 50 day moving average is $47.95 and its two-hundred day moving average is $48.75. The firm has a market capitalization of $47.27 billion, a P/E ratio of 7.08, a P/E/G ratio of 1.29 and a beta of 1.34. 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 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 3.08% and a return on equity of 14.30%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.62 EPS. Research analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were paid a dividend of $0.15 per share. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. General Motors's payout ratio is 8.65%.

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.

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