General Motors (NYSE:GM) is Point72 Italy S.r.l.'s 5th Largest Position

Point72 Italy S.r.l. grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 180.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 220,775 shares of the auto manufacturer's stock after purchasing an additional 142,068 shares during the period. General Motors makes up 6.5% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 5th biggest holding. Point72 Italy S.r.l.'s holdings in General Motors were worth $11,761,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in shares of General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after acquiring an additional 1,510 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors in the 4th quarter worth about $25,404,000. SYM FINANCIAL Corp acquired a new stake in shares of General Motors in the 4th quarter worth about $474,000. Asset Management One Co. Ltd. grew its position in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after purchasing an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. bought a new stake in General Motors in the 4th quarter worth about $1,044,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Up 0.5%

Shares of NYSE:GM traded up $0.24 during trading on Friday, reaching $50.36. The stock had a trading volume of 6,097,005 shares, compared to its average volume of 13,396,882. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a market capitalization of $48.42 billion, a P/E ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm's 50-day simple moving average is $46.85 and its 200 day simple moving average is $50.01.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results 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 net margin of 3.21% and a return on equity of 15.29%. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the business earned $2.62 EPS. The company's revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its board has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. General Motors's dividend payout ratio (DPR) is 8.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GM shares. Wedbush reduced their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Piper Sandler upped their price objective on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $54.56.

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.