Valeo Financial Advisors LLC Lowers Position in General Motors Company (NYSE:GM)

Valeo Financial Advisors LLC decreased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 81.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,845 shares of the auto manufacturer's stock after selling 93,465 shares during the quarter. Valeo Financial Advisors LLC's holdings in General Motors were worth $980,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of General Motors in the fourth quarter valued at approximately $25,404,000. Cassia Capital Partners LLC increased its stake in shares of General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after buying an additional 7,221 shares during the period. Sowell Financial Services LLC acquired a new position in shares of General Motors in the first quarter valued at approximately $312,000. Olstein Capital Management L.P. increased its stake in shares of General Motors by 18.0% in the first quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock valued at $6,772,000 after buying an additional 22,000 shares during the period. Finally, Clarius Group LLC increased its stake in shares of General Motors by 109.7% in the first quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after buying an additional 9,579 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GM. Royal Bank Of Canada upped their price objective on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Sanford C. Bernstein set a $36.00 target price on General Motors in a report on Monday, May 5th. The Goldman Sachs Group reduced their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Citigroup started coverage on General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $53.35.

General Motors Stock Up 1.0%

Shares of NYSE:GM traded up $0.52 during trading on Thursday, reaching $53.09. 6,397,124 shares of the stock were exchanged, compared to its average volume of 12,705,124. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a fifty day moving average of $49.00 and a two-hundred day moving average of $48.76. The firm has a market cap of $51.04 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.32.

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 for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same period in the prior year, the firm earned $2.62 earnings per share. General Motors's revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were given a $0.15 dividend. 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 1.13%. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio is presently 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.