NBC Securities Inc. Purchases 12,058 Shares of General Motors (NYSE:GM)

NBC Securities Inc. increased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 100,483.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,070 shares of the auto manufacturer's stock after acquiring an additional 12,058 shares during the period. NBC Securities Inc.'s holdings in General Motors were worth $567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Compass Planning Associates Inc purchased a new stake in General Motors in the fourth quarter worth $27,000. Duncker Streett & Co. Inc. raised its stake in shares of 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 buying an additional 498 shares during the period. Whittier Trust Co. lifted its position in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new stake in General Motors in the 4th quarter worth about $27,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

GM traded up $0.25 during trading on Friday, reaching $47.50. The stock had a trading volume of 7,948,964 shares, compared to its average volume of 13,148,934. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The business has a 50-day moving average of $46.80 and a 200-day moving average of $49.43. General Motors has a one year low of $38.96 and a one year high of $61.24. The stock has a market cap of $45.67 billion, a PE ratio of 7.72, a PEG ratio of 0.67 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same quarter last year, the firm earned $2.62 EPS. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

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

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is 8.65%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered 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 note on Monday, April 14th. Wedbush reduced their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup started coverage on General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective on the stock. UBS Group reduced their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Royal Bank of Canada increased their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $54.56.

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.