General Motors Company (NYSE:GM) Stake Lifted by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in General Motors by 7.5%, acquiring an additional 36,354 shares, bringing their total holdings to 523,780 shares worth approximately $24.63 million.
• General Motors reported an EPS of $2.53 for the last quarter, surpassing analysts' expectations of $2.52, but noted a year-over-year revenue decrease of 1.8%.
• The company declared a quarterly dividend of $0.15, with the next payment scheduled for September 18, representing an annualized dividend yield of 1.15%.

TD Asset Management Inc increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,780 shares of the auto manufacturer's stock after acquiring an additional 36,354 shares during the quarter. TD Asset Management Inc owned about 0.05% of General Motors worth $24,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $34,000. Ossiam bought a new stake in General Motors in the fourth quarter worth $44,000. North Capital Inc. bought a new stake in General Motors in the first quarter worth $40,000. Finally, Princeton Global Asset Management LLC increased its position in General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock worth $50,000 after purchasing an additional 626 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

NYSE GM traded down $0.03 during mid-day trading on Wednesday, hitting $52.08. The stock had a trading volume of 7,828,131 shares, compared to its average volume of 9,743,339. General Motors Company has a twelve month low of $38.96 and a twelve month high of $61.24. The stock has a market capitalization of $49.58 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.10 and a beta of 1.32. The firm's 50 day moving average is $50.33 and its 200 day moving average is $48.75. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

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 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the company posted $3.06 earnings per share. The business's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's payout ratio is currently 9.52%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research note on Friday, July 11th. Citigroup lifted their price objective on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. UBS Group lifted their price objective on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Benchmark started coverage on shares of General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. Finally, Bank of America lowered their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $56.35.

General Motors Company 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.