Vontobel Holding Ltd. Purchases 49,677 Shares of General Motors Company (NYSE:GM)

Vontobel Holding Ltd. boosted its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 76.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,607 shares of the auto manufacturer's stock after acquiring an additional 49,677 shares during the quarter. Vontobel Holding Ltd.'s holdings in General Motors were worth $5,390,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $25,404,000. Cassia Capital Partners LLC raised its position in General Motors by 63.0% in the 1st 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 last quarter. Sowell Financial Services LLC bought a new position in General Motors during the 1st quarter valued at $312,000. Olstein Capital Management L.P. boosted its holdings in General Motors by 18.0% during the 1st quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock worth $6,772,000 after acquiring an additional 22,000 shares during the last quarter. Finally, Clarius Group LLC boosted its holdings in General Motors by 109.7% during the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock worth $861,000 after acquiring an additional 9,579 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded up $0.23 during midday trading on Friday, hitting $52.91. The company's stock had a trading volume of 6,612,290 shares, compared to its average volume of 12,762,791. The firm has a market capitalization of $50.86 billion, a price-to-earnings ratio of 7.62, a P/E/G ratio of 1.42 and a beta of 1.32. 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 stock has a fifty day moving average price of $48.66 and a 200 day moving average price of $48.73. General Motors Company has a one year low of $38.96 and a one year high of $61.24.

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, beating analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.62 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were issued a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. General Motors's dividend payout ratio is 8.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GM shares. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research report on Monday, May 5th. Mizuho lifted their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Barclays upped their target price on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. UBS Group dropped their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Piper Sandler restated a "neutral" rating and issued a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Four investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.35.

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.