Invesco Ltd. Has $646.48 Million Stock Holdings in General Motors Company (NYSE:GM)

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. lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,746,152 shares of the auto manufacturer's stock after purchasing an additional 594,217 shares during the quarter. Invesco Ltd. owned approximately 1.43% of General Motors worth $646,482,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Atlas Capital Advisors Inc. grew its stake in General Motors by 8.0% in the 1st quarter. Atlas Capital Advisors Inc. now owns 28,653 shares of the auto manufacturer's stock valued at $1,348,000 after buying an additional 2,118 shares during the last quarter. Johnson Financial Group LLC boosted its holdings in General Motors by 37.9% in the 1st quarter. Johnson Financial Group LLC now owns 11,769 shares of the auto manufacturer's stock valued at $553,000 after purchasing an additional 3,234 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of General Motors by 12.7% during the 1st quarter. Frank Rimerman Advisors LLC now owns 5,892 shares of the auto manufacturer's stock worth $277,000 after acquiring an additional 662 shares during the period. Measured Wealth Private Client Group LLC lifted its holdings in shares of General Motors by 31.2% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 16,762 shares of the auto manufacturer's stock worth $788,000 after acquiring an additional 3,987 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in shares of General Motors during the 1st quarter worth about $84,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company's stock, 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 is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of GM stock opened at $53.52 on Friday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The company has a 50-day simple moving average of $50.95 and a 200 day simple moving average of $48.82. The company has a market capitalization of $50.96 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.13 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.06 earnings per share. On average, sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Benchmark started coverage on shares of General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price objective for the company. Wedbush reissued an "outperform" rating and set a $55.00 price target on shares of General Motors in a report on Wednesday, July 23rd. Mizuho lifted 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. Finally, Citigroup lifted their price target on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors currently has an average rating of "Hold" and a consensus price target of $57.53.

General Motors Company 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.

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