LSV Asset Management Has $375.82 Million Position in General Motors Company (NYSE:GM)

Key Points

• LSV Asset Management has reduced its stake in General Motors by 1.0%, selling 76,858 shares, which now represents 0.9% of its portfolio.
• General Motors reported quarterly earnings of $2.53 per share, exceeding analyst estimates, but its revenue decreased by 1.8% year-over-year.
• The company announced a quarterly dividend of $0.15 per share, set to be paid on September 18th, reflecting a 1.1% annual yield.

LSV Asset Management decreased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,991,104 shares of the auto manufacturer's stock after selling 76,858 shares during the quarter. General Motors makes up approximately 0.9% of LSV Asset Management's holdings, making the stock its 21st biggest holding. LSV Asset Management owned 0.83% of General Motors worth $375,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in General Motors during the fourth quarter worth approximately $25,404,000. Cassia Capital Partners LLC boosted its holdings in General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after buying an additional 7,221 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of General Motors in the 1st quarter valued at approximately $312,000. Finally, Brown Advisory Inc. lifted its position in shares of General Motors by 55.9% in the 1st quarter. Brown Advisory Inc. now owns 17,651 shares of the auto manufacturer's stock valued at $830,000 after acquiring an additional 6,330 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

Shares of NYSE GM traded down $0.82 during trading on Friday, reaching $52.52. The company had a trading volume of 9,539,407 shares, compared to its average volume of 10,532,127. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The stock has a market cap of $50.00 billion, a PE ratio of 8.34, a PEG ratio of 1.11 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. The business's 50 day moving average price is $50.55 and its 200-day moving average price is $48.77.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the previous year, the company earned $3.06 EPS. General Motors's revenue was down 1.8% on a year-over-year basis. Analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research report on Monday, April 14th. Barclays increased their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Mizuho increased their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wedbush reiterated an "outperform" rating and issued a $55.00 target price on shares of General Motors in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.35.

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.