General Motors Company (NYSE:GM) Stock Position Increased by IFM Investors Pty Ltd

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

Other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its stake in shares of General Motors by 30.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 15,819 shares of the auto manufacturer's stock valued at $744,000 after acquiring an additional 3,734 shares during the period. Calamos Advisors LLC grew its holdings in General Motors by 0.6% during the 1st quarter. Calamos Advisors LLC now owns 531,391 shares of the auto manufacturer's stock valued at $24,991,000 after purchasing an additional 3,207 shares in the last quarter. North Capital Inc. acquired a new stake in General Motors during the 1st quarter valued at $40,000. Resonant Capital Advisors LLC grew its holdings in General Motors by 7.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 8,424 shares of the auto manufacturer's stock valued at $396,000 after purchasing an additional 584 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in General Motors by 3.9% during the 1st quarter. First Horizon Advisors Inc. now owns 8,041 shares of the auto manufacturer's stock valued at $378,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded down $1.09 during midday trading on Monday, hitting $51.80. The company's stock had a trading volume of 11,025,911 shares, compared to its average volume of 12,761,088. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The firm's fifty day moving average price is $48.75 and its 200-day moving average price is $48.71. 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 firm has a market cap of $49.80 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.42 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly 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 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 analyst estimates of $42.64 billion. During the same period in the previous year, the business posted $2.62 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. General Motors's payout ratio is 8.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GM shares. The Goldman Sachs Group lowered their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada raised their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wedbush lowered their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Barclays raised their price target on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $53.35.

About General Motors

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.