Larson Financial Group LLC Grows Stake in General Motors Company (NYSE:GM)

Larson Financial Group LLC lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 112.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,735 shares of the auto manufacturer's stock after buying an additional 6,201 shares during the period. Larson Financial Group LLC's holdings in General Motors were worth $552,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in General Motors during the 4th quarter worth $592,321,000. Assenagon Asset Management S.A. grew its position in shares of General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after purchasing an additional 2,154,037 shares in the last quarter. National Bank of Canada FI grew its position in shares of General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares in the last quarter. Franklin Resources Inc. grew its position in General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after acquiring an additional 1,170,816 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of General Motors during the fourth quarter worth $60,198,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wedbush decreased their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. UBS Group increased their price objective on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday. Piper Sandler restated a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research note on Friday, July 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $55.17.

General Motors Trading Up 0.1%

Shares of GM opened at $53.22 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. General Motors Company has a 12 month low of $38.96 and a 12 month high of $61.24. The stock's 50-day moving average is $49.90 and its two-hundred day moving average is $48.74. The stock has a market cap of $51.16 billion, a PE ratio of 7.67, a P/E/G ratio of 1.43 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 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.

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