7,921 Shares in General Motors Company (NYSE:GM) Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 7,921 shares of the auto manufacturer's stock, valued at approximately $373,000.

Other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors during the 4th quarter worth approximately $25,404,000. Cassia Capital Partners LLC grew its position in General Motors by 63.0% in the first 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 bought a new stake in General Motors in the first quarter valued at $312,000. OMNI 360 Wealth Inc. bought a new stake in General Motors in the first quarter valued at $363,000. Finally, Brown Advisory Inc. grew its position in General Motors by 55.9% in the first quarter. Brown Advisory Inc. now owns 17,651 shares of the auto manufacturer's stock valued at $830,000 after acquiring an additional 6,330 shares during the period. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GM. CLSA upgraded General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Industrial Alliance Securities set a $70.00 price target on General Motors in a research report on Friday, July 11th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Mizuho boosted their price objective on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors has an average rating of "Hold" and a consensus target price of $55.17.

General Motors Trading Up 0.1%

NYSE GM traded up $0.04 on Thursday, reaching $53.22. The company had a trading volume of 6,817,409 shares, compared to its average volume of 12,625,264. The stock's 50 day moving average is $49.79 and its 200-day moving average is $48.74. The stock has a market cap of $51.16 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.43 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24.

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

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio is 8.65%.

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.