UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $402.48 Million Stake in General Motors (NYSE:GM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,555,521 shares of the auto manufacturer's stock after buying an additional 48,525 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.76% of General Motors worth $402,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of General Motors during the fourth quarter worth about $346,000. Merit Financial Group LLC raised its position in shares of General Motors by 41.1% during the fourth quarter. Merit Financial Group LLC now owns 18,323 shares of the auto manufacturer's stock worth $976,000 after purchasing an additional 5,335 shares during the period. HB Wealth Management LLC raised its position in shares of General Motors by 17.2% during the fourth quarter. HB Wealth Management LLC now owns 23,419 shares of the auto manufacturer's stock worth $1,248,000 after purchasing an additional 3,439 shares during the period. UMB Bank n.a. raised its position in shares of General Motors by 9.8% during the fourth quarter. UMB Bank n.a. now owns 7,859 shares of the auto manufacturer's stock worth $419,000 after purchasing an additional 702 shares during the period. Finally, ZWJ Investment Counsel Inc. raised its position in shares of General Motors by 1.0% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 392,437 shares of the auto manufacturer's stock worth $20,905,000 after purchasing an additional 3,820 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Sanford C. Bernstein set a $36.00 price objective on General Motors in a report on Monday, May 5th. Mizuho increased their price objective on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group decreased their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Piper Sandler increased their price objective on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $54.56.

General Motors Stock Performance

GM opened at $50.20 on Wednesday. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The stock has a market cap of $48.26 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.67 and a beta of 1.36. The business has a 50 day moving average of $46.95 and a 200-day moving average of $50.00. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the firm posted $2.62 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

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

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.

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