IFM Investors Pty Ltd Grows Stock Holdings in General Motors Company (NYSE:GM)

IFM Investors Pty Ltd lifted its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 10.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 241,611 shares of the auto manufacturer's stock after purchasing an additional 23,165 shares during the quarter. IFM Investors Pty Ltd's holdings in General Motors were worth $10,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of General Motors during the fourth quarter valued at about $25,404,000. Cassia Capital Partners LLC grew its stake in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after buying an additional 7,221 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of General Motors during the first quarter valued at about $312,000. Olstein Capital Management L.P. grew its stake 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 valued at $6,772,000 after buying an additional 22,000 shares during the last quarter. Finally, Clarius Group LLC grew its stake in shares of General Motors by 109.7% during 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. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Down 2.3%

Shares of GM traded down $1.23 on Monday, hitting $51.67. 6,697,004 shares of the stock traded hands, compared to its average volume of 12,745,914. The company has a market capitalization of $49.67 billion, a PE ratio of 7.44, a P/E/G ratio of 1.42 and a beta of 1.32. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The business has a 50 day simple moving average of $48.66 and a 200 day simple moving average of $48.71. General Motors Company has a one year low of $38.96 and a one year high of $61.24.

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 EPS for the quarter, topping 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 business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter in the previous year, the firm posted $2.62 EPS. The firm's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm also recently disclosed 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 is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. General Motors's payout ratio is presently 8.65%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GM. Royal Bank Of Canada increased their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Piper Sandler reiterated a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded 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, UBS Group decreased their price target on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $53.35.

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.