IFM Investors Pty Ltd Raises Position in General Motors Company (NYSE:GM)

IFM Investors Pty Ltd raised its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 10.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 241,611 shares of the auto manufacturer's stock after buying an additional 23,165 shares during the quarter. IFM Investors Pty Ltd's holdings in General Motors were worth $10,834,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GM. Nemes Rush Group LLC boosted its position in shares of General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after buying an additional 217 shares during the period. Operose Advisors LLC lifted its holdings in shares of General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after buying an additional 223 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of General Motors by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after buying an additional 226 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of General Motors by 3.6% in the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after buying an additional 235 shares during the last quarter. Finally, Royal Capital Wealth Management LLC boosted its holdings in General Motors by 5.3% during the fourth quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock valued at $270,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

GM has been the subject of several recent research reports. Citigroup started coverage on General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target for the company. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a report on Monday, April 14th. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 target price for the company. UBS Group dropped their price objective on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Barclays increased their target price on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $53.35.

General Motors Trading Up 0.4%

NYSE:GM traded up $0.23 during trading hours on Friday, hitting $52.91. 6,612,290 shares of the company were exchanged, compared to its average volume of 12,762,791. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The company has a fifty day simple moving average of $48.66 and a 200 day simple moving average of $48.73. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same period last year, the business posted $2.62 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is presently 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.