XTX Topco Ltd Invests $1.02 Million in General Motors Company (NYSE:GM)

Key Points

• XTX Topco Ltd invested $1.02 million in General Motors by purchasing 21,736 shares during the first quarter, as reported in their 13F filing with the SEC.
• General Motors recently posted quarterly earnings of $2.53 EPS, which exceeded analysts' expectations of $2.52, and reported revenue of $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, with an annualized yield of 1.1%, to be paid on September 18th.

XTX Topco Ltd purchased a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,736 shares of the auto manufacturer's stock, valued at approximately $1,022,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Wellington Management Group LLP increased its position in General Motors by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 1,195,961 shares of the auto manufacturer's stock worth $63,709,000 after purchasing an additional 7,081 shares during the period. World Investment Advisors increased its position in General Motors by 42.8% in the fourth quarter. World Investment Advisors now owns 7,560 shares of the auto manufacturer's stock worth $403,000 after purchasing an additional 2,266 shares during the period. Pitcairn Co. raised its holdings in General Motors by 106.3% during the 4th quarter. Pitcairn Co. now owns 15,181 shares of the auto manufacturer's stock worth $809,000 after purchasing an additional 7,822 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in General Motors by 9.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 28,580 shares of the auto manufacturer's stock valued at $1,522,000 after purchasing an additional 2,554 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

GM has been the subject of a number of recent research reports. UBS Group boosted their price target 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. Wells Fargo & Company upped their target price on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd. Citigroup increased their price target on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of "Hold" and a consensus target price of $56.35.

General Motors Stock Down 1.5%

General Motors stock opened at $52.52 on Friday. The company has a 50 day moving average of $50.55 and a 200-day moving average of $48.79. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. 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 $50.00 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.06 EPS. On average, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is presently 9.52%.

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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