New Age Alpha Advisors LLC Has $4.07 Million Stock Holdings in General Motors Company (NYSE:GM)

Key Points

• New Age Alpha Advisors LLC has reduced its stake in General Motors by 17.4% in the first quarter, resulting in a holding valued at approximately $4.07 million.
• Analysts have varying ratings for General Motors, with updates including a price target increase from $50.00 to $56.00 by UBS Group, indicating a generally optimistic outlook.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend yield of 1.1% and a low payout ratio of 9.52%.

New Age Alpha Advisors LLC lessened its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,490 shares of the auto manufacturer's stock after selling 18,237 shares during the period. New Age Alpha Advisors LLC's holdings in General Motors were worth $4,068,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in General Motors during the fourth quarter worth $34,000. Ossiam acquired a new position in General Motors during the fourth quarter worth $44,000. North Capital Inc. acquired a new position in General Motors during the first quarter worth $40,000. Finally, Princeton Global Asset Management LLC boosted its holdings in General Motors by 141.0% during the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock worth $50,000 after purchasing an additional 626 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. Citigroup increased their target price on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a report on Monday, April 14th. Wells Fargo & Company increased their target price on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Finally, Wedbush reissued an "outperform" rating and issued a $55.00 price objective on shares of General Motors in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned 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 presently has a consensus rating of "Hold" and an average price target of $57.53.

General Motors Stock Performance

NYSE:GM traded up $0.57 during mid-day trading on Friday, reaching $53.52. 4,125,133 shares of the company's stock were exchanged, compared to its average volume of 10,305,823. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The firm has a market capitalization of $50.96 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The business's fifty day simple moving average is $50.95 and its two-hundred day simple moving average is $48.82.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released 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 net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the firm earned $3.06 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

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.