General Motors Company (NYSE:GM) Shares Sold by Xponance Inc.

Xponance Inc. reduced its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,017 shares of the auto manufacturer's stock after selling 8,465 shares during the period. Xponance Inc.'s holdings in General Motors were worth $9,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GM. Norges Bank acquired a new stake in shares of General Motors in the fourth quarter valued at $592,321,000. Assenagon Asset Management S.A. raised its stake in shares of General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after acquiring an additional 2,154,037 shares in the last quarter. National Bank of Canada FI raised its stake in shares of General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after acquiring an additional 1,180,936 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after acquiring an additional 1,170,816 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in General Motors in the fourth quarter valued at $60,198,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of NYSE GM traded up $0.21 during midday trading on Friday, reaching $53.36. 7,695,988 shares of the company were exchanged, compared to its average volume of 12,693,156. 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 simple moving average of $49.33 and a 200 day simple moving average of $48.76. The stock has a market cap of $51.30 billion, a P/E ratio of 7.69, a PEG ratio of 1.43 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data 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 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 quarter in the previous year, the company earned $2.62 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders of record on Friday, June 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GM. The Goldman Sachs Group cut their price target on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Piper Sandler restated a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research note on Monday, April 14th. Finally, Barclays raised their price objective on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.