General Motors Company (NYSE:GM) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,707 shares of the auto manufacturer's stock after selling 6,390 shares during the period. Securian Asset Management Inc.'s holdings in General Motors were worth $2,479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of General Motors by 16.1% in the 4th quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer's stock worth $556,000 after buying an additional 1,448 shares during the last quarter. Farther Finance Advisors LLC lifted its position in General Motors by 45.3% during the fourth quarter. Farther Finance Advisors LLC now owns 8,748 shares of the auto manufacturer's stock valued at $466,000 after purchasing an additional 2,727 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of General Motors by 14.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 5,230 shares of the auto manufacturer's stock valued at $279,000 after acquiring an additional 674 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of General Motors by 6.8% in the fourth quarter. Corient Private Wealth LLC now owns 353,506 shares of the auto manufacturer's stock valued at $18,829,000 after acquiring an additional 22,475 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GM. Citigroup assumed coverage on General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a report on Monday, April 14th. UBS Group increased their price objective on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday. Piper Sandler reissued a "neutral" rating and issued a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Finally, Wedbush cut their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $54.61.

General Motors Price Performance

General Motors stock traded down $0.62 during midday trading on Tuesday, reaching $52.71. The company had a trading volume of 7,698,097 shares, compared to its average volume of 12,635,987. The company has a market capitalization of $50.68 billion, a P/E ratio of 7.60, a P/E/G ratio of 1.44 and a beta of 1.32. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The firm's fifty day simple moving average is $49.49 and its 200-day simple moving average is $48.68. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $2.62 EPS. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS 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 paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. General Motors's payout ratio is currently 8.65%.

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.