Summit Trail Advisors LLC Has $930,000 Stake in General Motors Company (NYSE:GM)

Summit Trail Advisors LLC cut its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 34.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,785 shares of the auto manufacturer's stock after selling 10,615 shares during the period. Summit Trail Advisors LLC's holdings in General Motors were worth $930,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Whittier Trust Co. raised its holdings in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors during the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in shares of General Motors in the 4th quarter valued at approximately $34,000. Rakuten Securities Inc. lifted its holdings in General Motors by 195.5% in the 4th quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock worth $42,000 after purchasing an additional 524 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in General Motors during the fourth quarter worth approximately $44,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on GM. TD Cowen began coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price on the stock. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group cut their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Mizuho lifted their price objective on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $53.35.

General Motors Stock Up 1.1%

Shares of NYSE:GM traded up $0.57 during trading on Wednesday, hitting $52.60. 9,458,592 shares of the company's stock traded hands, compared to its average volume of 12,752,437. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. The company has a 50-day moving average price of $48.29 and a 200-day moving average price of $48.68. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 1.32 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same quarter in the previous year, the firm posted $2.62 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. As a group, research analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors 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 dividend payout ratio is presently 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.