Nuveen LLC purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,739,935 shares of the auto manufacturer's stock, valued at approximately $175,889,000. Nuveen LLC owned 0.39% of General Motors at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cooper Financial Group increased its stake in shares of General Motors by 11.4% during the first quarter. Cooper Financial Group now owns 13,330 shares of the auto manufacturer's stock worth $627,000 after buying an additional 1,363 shares during the period. Virtu Financial LLC purchased a new stake in shares of General Motors during the first quarter worth approximately $1,329,000. Invesco Ltd. increased its stake in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after buying an additional 594,217 shares during the period. Atlas Capital Advisors Inc. increased its stake in shares of General Motors by 8.0% during the first quarter. Atlas Capital Advisors Inc. now owns 28,653 shares of the auto manufacturer's stock worth $1,348,000 after buying an additional 2,118 shares during the period. Finally, Johnson Financial Group LLC increased its stake in shares of General Motors by 37.9% during the first quarter. Johnson Financial Group LLC now owns 11,769 shares of the auto manufacturer's stock worth $553,000 after buying an additional 3,234 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GM has been the topic of a number of recent research reports. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, Barclays upped their price target on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of "Hold" and an average price target of $57.53.
View Our Latest Stock Analysis on GM
General Motors Price Performance
Shares of NYSE GM opened at $54.03 on Tuesday. 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 stock has a fifty day moving average price of $51.08 and a 200 day moving average price of $48.78. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The company has a market cap of $51.44 billion, a PE ratio of 8.58, a P/E/G ratio of 1.13 and a beta of 1.36.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping 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 firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period last year, the company earned $3.06 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current year.
General Motors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is currently 9.52%.
Insider Buying and Selling at General Motors
In related news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.
General Motors Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM - Free Report) TSE: GMM.U.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider General Motors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.
While General Motors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.