General Motors Company (NYSE:GM) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in General Motors by 11.0%, now owning 1,063,157 shares valued at approximately $50 million.
• Analysts have set varied price targets for General Motors, with Wells Fargo increasing its target from $34 to $38, while Piper Sandler raised its target to $48.
• General Motors announced a quarterly dividend of $0.15 per share, payable on September 18th, reflecting a 1.1% dividend yield.

Natixis Advisors LLC reduced its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,063,157 shares of the auto manufacturer's stock after selling 130,933 shares during the quarter. Natixis Advisors LLC owned 0.11% of General Motors worth $50,001,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GM. 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 worth $2,062,000 after buying an additional 31,755 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of General Motors by 10.4% in the 4th quarter. Schroder Investment Management Group now owns 316,274 shares of the auto manufacturer's stock valued at $16,971,000 after buying an additional 29,815 shares during the period. Wellington Management Group LLP raised its holdings in shares of General Motors by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 1,195,961 shares of the auto manufacturer's stock valued at $63,709,000 after buying an additional 7,081 shares during the period. Alliancebernstein L.P. raised its holdings in shares of General Motors by 1.5% in the 4th quarter. Alliancebernstein L.P. now owns 1,495,539 shares of the auto manufacturer's stock valued at $79,667,000 after buying an additional 22,233 shares during the period. Finally, Nemes Rush Group LLC raised its holdings in shares of General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after buying an additional 217 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Down 1.5%

Shares of General Motors stock traded down $0.82 during trading hours on Friday, reaching $52.52. The stock had a trading volume of 9,539,407 shares, compared to its average volume of 10,055,104. The firm has a 50 day simple moving average of $50.55 and a two-hundred day simple moving average of $48.79. The firm has a market capitalization of $50.00 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.11 and a beta of 1.35. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24.

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

General Motors Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GM shares. JPMorgan Chase & Co. upped their price target on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. Benchmark began coverage on General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.