Siemens Fonds Invest GmbH Sells 40,497 Shares of General Motors (NYSE:GM)

Siemens Fonds Invest GmbH lowered its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 78.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,191 shares of the auto manufacturer's stock after selling 40,497 shares during the period. Siemens Fonds Invest GmbH's holdings in General Motors were worth $596,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GM. Brighton Jones LLC grew its stake in 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 buying an additional 31,755 shares in the last quarter. Blue Trust Inc. grew its stake in General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after buying an additional 1,510 shares in the last quarter. Perigon Wealth Management LLC grew its stake in General Motors by 2.8% in the 4th quarter. Perigon Wealth Management LLC now owns 19,443 shares of the auto manufacturer's stock worth $1,008,000 after buying an additional 532 shares in the last quarter. Foster & Motley Inc. grew its stake in General Motors by 91.2% in the 4th quarter. Foster & Motley Inc. now owns 90,168 shares of the auto manufacturer's stock worth $4,803,000 after buying an additional 42,999 shares in the last quarter. Finally, Gries Financial LLC grew its stake in General Motors by 4.4% in the 4th quarter. Gries Financial LLC now owns 6,605 shares of the auto manufacturer's stock worth $352,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on GM shares. Royal Bank of Canada boosted their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Citigroup assumed coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective for the company. TD Cowen assumed coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. Wedbush lowered their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Piper Sandler restated a "neutral" rating and issued a $48.00 price objective (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $54.56.

General Motors Trading Up 2.0%

Shares of NYSE:GM traded up $0.96 during midday trading on Tuesday, hitting $48.65. 3,573,506 shares of the stock traded hands, compared to its average volume of 13,202,527. The stock has a market capitalization of $46.77 billion, a PE ratio of 7.91, a P/E/G ratio of 0.67 and a beta of 1.36. The business's 50 day moving average is $46.74 and its two-hundred day moving average is $49.51. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a one year low of $38.96 and a one year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.62 earnings per share. As a group, research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its board has initiated a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is 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.