General Motors Company (NYSE:GM) Shares Acquired by Ruffer LLP

Key Points

• Ruffer LLP increased its stake in General Motors (NYSE:GM) by 50.8%, acquiring an additional 30,766 shares and now holding a total of 91,281 shares valued at approximately $4.29 million.
• General Motors reported earnings of $2.53 per share for the last quarter, slightly beating analyst expectations, although revenue fell 1.8% year-over-year to $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, with a yield of 1.1% and a payout ratio of 9.52%, to be paid on September 18th.

Ruffer LLP raised its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,281 shares of the auto manufacturer's stock after buying an additional 30,766 shares during the period. Ruffer LLP's holdings in General Motors were worth $4,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new position in General Motors in the fourth quarter worth about $25,404,000. Cassia Capital Partners LLC grew its holdings in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after buying an additional 7,221 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after purchasing an additional 1,712,033 shares during the period. Sowell Financial Services LLC acquired a new stake in General Motors during the 1st quarter valued at approximately $312,000. Finally, Brown Advisory Inc. boosted its holdings in shares of General Motors by 55.9% in the 1st 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 last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays boosted 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. Benchmark began coverage on shares of General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. Mizuho raised their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a report on Monday, April 14th. Finally, Industrial Alliance Securities set a $70.00 price target on General Motors in a research report on Friday, July 11th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, General Motors currently has a consensus rating of "Hold" and an average price target of $56.35.

General Motors Stock Down 0.3%

Shares of General Motors stock traded down $0.16 during trading hours on Tuesday, reaching $52.61. 6,911,282 shares of the company were exchanged, compared to its average volume of 10,351,594. The firm has a market cap of $50.09 billion, a PE ratio of 8.35, a PEG ratio of 1.12 and a beta of 1.36. The stock's fifty day moving average is $50.63 and its 200 day moving average is $48.78. General Motors Company has a 1 year low of $39.78 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $3.06 EPS. As a group, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's payout ratio is presently 9.52%.

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.