9,255 Shares in General Motors Company (NYSE:GM) Purchased by New Republic Capital LLC

Key Points

• New Republic Capital LLC has made a new investment of approximately $435,000 in General Motors by acquiring 9,255 shares during the first quarter.
• General Motors recently announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 1.12%, with the payment scheduled for September 18th.
• Wall Street analysts have given General Motors an average rating of "Hold" with a price target of $56.35, indicating mixed sentiment towards the stock's performance.

New Republic Capital LLC bought a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 9,255 shares of the auto manufacturer's stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after acquiring an additional 2,154,037 shares during the period. AustralianSuper Pty Ltd increased its position in General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after buying an additional 1,712,033 shares in the last quarter. National Bank of Canada FI grew its stake in General Motors by 54.4% during the 4th quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after purchasing an additional 1,180,936 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of General Motors in the fourth quarter worth about $60,198,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Up 0.1%

NYSE GM traded up $0.04 on Monday, hitting $53.44. 6,950,118 shares of the stock were exchanged, compared to its average volume of 10,142,615. General Motors Company has a 52-week low of $38.96 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company has a market capitalization of $50.88 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.13 and a beta of 1.32. The company's 50-day moving average price is $50.30 and its two-hundred day moving average price is $48.73.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly 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 business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the previous year, the company posted $3.06 EPS. General Motors's revenue was down 1.8% on a year-over-year basis. Research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Analyst Ratings Changes

GM has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Barclays lifted their target price on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup lifted their target price on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group lifted their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price target on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $56.35.

About General Motors

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.