General Motors Company (NYSE:GM) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,873 shares of the auto manufacturer's stock after acquiring an additional 21,596 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in General Motors were worth $10,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after buying an additional 31,755 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of General Motors by 22.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 18,161 shares of the auto manufacturer's stock worth $967,000 after purchasing an additional 3,387 shares during the last quarter. US Bancorp DE increased its stake in General Motors by 6.8% in the 4th quarter. US Bancorp DE now owns 108,137 shares of the auto manufacturer's stock worth $5,760,000 after buying an additional 6,838 shares during the period. Metis Global Partners LLC raised its stake in shares of General Motors by 3.0% during the fourth quarter. Metis Global Partners LLC now owns 37,325 shares of the auto manufacturer's stock valued at $1,988,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Duncker Streett & Co. Inc. grew 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 worth $27,000 after purchasing an additional 498 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of General Motors stock traded up $0.23 during trading on Friday, reaching $52.91. The company's stock had a trading volume of 6,612,290 shares, compared to its average volume of 12,762,791. The business has a 50 day moving average price of $48.54 and a 200-day moving average price of $48.72. The company has a market capitalization of $50.86 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results 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. The business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.62 EPS. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.13%. General Motors's dividend payout ratio is 8.65%.

Analysts Set New Price Targets

A number of research firms have commented on GM. Barclays raised their target price on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group cut their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Wedbush cut their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of "Hold" and a consensus 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.