Siemens Fonds Invest GmbH Decreases Stock Holdings in General Motors (NYSE:GM)

Siemens Fonds Invest GmbH trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 78.3% in the 4th quarter, according to its most recent 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 quarter. Siemens Fonds Invest GmbH's holdings in General Motors were worth $596,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after purchasing an additional 1,510 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of General Motors in the 4th quarter valued at approximately $25,404,000. SYM FINANCIAL Corp purchased a new stake in General Motors in the fourth quarter valued at approximately $474,000. Asset Management One Co. Ltd. boosted its position in General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock valued at $25,178,000 after buying an additional 39,474 shares during the last quarter. Finally, Avantra Family Wealth Inc. purchased a new stake in General Motors in the fourth quarter valued at approximately $1,044,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GM shares. The Goldman Sachs Group reduced their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Mizuho raised their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday. Piper Sandler lifted their price objective on General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a research report on Monday, April 14th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $54.56.

General Motors Price Performance

GM traded up $0.17 on Tuesday, hitting $50.20. 6,563,577 shares of the stock were exchanged, compared to its average volume of 13,370,899. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market capitalization of $48.26 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.67 and a beta of 1.36. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The business has a 50-day moving average of $46.95 and a two-hundred day moving average of $50.00.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the business earned $2.62 EPS. General Motors's quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has authorized a share repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be paid a $0.15 dividend. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, June 6th. General Motors's payout ratio is 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.