General Motors Company (NYSE:GM) Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP cut its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 57.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,730 shares of the auto manufacturer's stock after selling 58,418 shares during the period. Readystate Asset Management LP's holdings in General Motors were worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GM. Whittier Trust Co. boosted its position in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. bought a new stake in General Motors during the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in General Motors during the 4th quarter valued at $34,000. North Capital Inc. bought a new stake in General Motors during the 1st quarter valued at $40,000. Finally, Ossiam bought a new stake in General Motors during the 4th quarter valued at $44,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Performance

Shares of NYSE:GM traded up $1.04 during midday trading on Friday, reaching $53.38. The company's stock had a trading volume of 6,483,783 shares, compared to its average volume of 10,352,842. The firm has a market capitalization of $50.82 billion, a PE ratio of 8.47, a P/E/G ratio of 1.13 and a beta of 1.32. General Motors Company has a twelve month low of $38.96 and a twelve month high of $61.24. The stock has a fifty day moving average of $50.23 and a 200 day moving average of $48.72. The company has a quick ratio of 1.04, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%. General Motors's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $3.06 earnings per share. On average, equities analysts expect that General Motors Company will post 11.44 EPS 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. 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 dividend payout ratio is currently 9.52%.

Analyst Ratings Changes

Several brokerages have issued reports on GM. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday. UBS Group upped their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price target on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Mizuho increased their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Royal Bank Of Canada increased their price target on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors has an average rating of "Hold" and an average price target of $56.35.

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.