General Motors Company (NYSE:GM) Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in General Motors by 4.5% in the first quarter, owning approximately $646.48 million worth of stocks, which corresponds to about 1.43% of the company's shares.
• The company reported a quarterly earnings per share (EPS) of $2.53, slightly surpassing the consensus estimate of $2.52, with a revenue of $47.12 billion during the same period.
• General Motors recently announced a quarterly dividend of $0.15 per share, with a 1.1% yield, highlighting a low dividend payout ratio of 9.52%.

Invesco Ltd. increased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,746,152 shares of the auto manufacturer's stock after buying an additional 594,217 shares during the period. Invesco Ltd. owned about 1.43% of General Motors worth $646,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GM. Brighton Jones LLC lifted its holdings in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of General Motors in the 4th quarter worth $221,000. Bessemer Group Inc. increased its position in shares of General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of General Motors by 5.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 119,754 shares of the auto manufacturer's stock worth $6,372,000 after purchasing an additional 6,558 shares during the last quarter. Finally, Townsquare Capital LLC boosted its holdings in General Motors by 14.4% during the 4th quarter. Townsquare Capital LLC now owns 82,000 shares of the auto manufacturer's stock valued at $4,368,000 after acquiring an additional 10,307 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

General Motors Trading Up 1.2%

NYSE GM traded up $0.69 during trading hours on Thursday, hitting $56.27. 4,231,838 shares of the company's stock were exchanged, compared to its average volume of 11,924,905. The business's 50 day moving average is $51.34 and its 200-day moving average is $48.86. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The firm has a market capitalization of $53.57 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 earnings per share. As a group, analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Piper Sandler reissued a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $57.53.

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.