Nisa Investment Advisors LLC Purchases 19,094 Shares of General Motors Company (NYSE:GM)

Nisa Investment Advisors LLC lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,303 shares of the auto manufacturer's stock after buying an additional 19,094 shares during the period. Nisa Investment Advisors LLC's holdings in General Motors were worth $8,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. bought a new stake in General Motors in the fourth quarter worth $27,000. Transce3nd LLC bought a new stake in General Motors in the fourth quarter worth $34,000. North Capital Inc. bought a new stake in General Motors in the first quarter worth $40,000. Finally, Rakuten Securities Inc. boosted its holdings in General Motors by 195.5% in the fourth quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock worth $42,000 after purchasing an additional 524 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Mizuho upped their price target on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group dropped their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. CLSA raised General Motors to a "moderate buy" rating in a report on Monday. Citigroup initiated coverage on shares of General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.35.

General Motors Trading Up 0.4%

GM stock traded up $0.21 during midday trading on Friday, reaching $53.36. The company's stock had a trading volume of 7,695,988 shares, compared to its average volume of 12,693,155. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The stock has a market cap of $51.30 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The business's 50-day simple moving average is $49.17 and its 200-day simple moving average is $48.76.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the firm earned $2.62 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio (DPR) is currently 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.