Janney Montgomery Scott LLC Purchases 8,026 Shares of General Motors Company (NYSE:GM)

Janney Montgomery Scott LLC increased its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,861 shares of the auto manufacturer's stock after buying an additional 8,026 shares during the quarter. Janney Montgomery Scott LLC's holdings in General Motors were worth $18,947,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in shares of General Motors during the 4th quarter worth $27,000. Compass Planning Associates Inc purchased a new stake in General Motors during the fourth quarter worth about $27,000. Whittier Trust Co. raised its position in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares during the period. Duncker Streett & Co. Inc. boosted its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of General Motors during the 4th quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

Shares of General Motors stock traded down $0.18 during trading on Thursday, hitting $48.10. The stock had a trading volume of 8,417,996 shares, compared to its average volume of 12,942,143. 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 12 month low of $38.96 and a 12 month high of $61.24. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.30 and a beta of 1.34. The business's 50-day moving average is $47.45 and its 200 day moving average is $48.96.

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 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 business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is 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 yield of 1.25%. General Motors's payout ratio is presently 8.65%.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on GM. Barclays lifted their price target on shares of General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Monday, April 14th. Citigroup assumed coverage on General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target for the company. The Goldman Sachs Group lowered their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Mizuho lifted their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.