General Motors Company (NYSE:GM) Shares Acquired by Ninety One UK Ltd

Ninety One UK Ltd boosted its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 3.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,229,248 shares of the auto manufacturer's stock after acquiring an additional 139,615 shares during the quarter. Ninety One UK Ltd owned 0.44% of General Motors worth $198,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in General Motors during the 4th quarter valued at about $25,404,000. Cassia Capital Partners LLC boosted its holdings in General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after acquiring an additional 7,221 shares during the period. Sowell Financial Services LLC purchased a new position in General Motors during the 1st quarter valued at about $312,000. Olstein Capital Management L.P. boosted its holdings in General Motors by 18.0% during the 1st quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock valued at $6,772,000 after acquiring an additional 22,000 shares during the period. Finally, Clarius Group LLC boosted its stake in shares of General Motors by 109.7% in the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after buying an additional 9,579 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Performance

NYSE GM traded up $0.38 on Tuesday, reaching $52.20. The stock had a trading volume of 7,522,228 shares, compared to its average volume of 12,740,223. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The business's 50-day moving average price is $48.75 and its 200 day moving average price is $48.71. The stock has a market cap of $50.19 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The company had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. During the same period last year, the firm posted $2.62 EPS. General Motors's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were given a dividend of $0.15 per share. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GM. UBS Group decreased their price objective on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut 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. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research note on Monday, May 5th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Finally, Barclays lifted their price objective on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $53.35.

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.